Finova and LV= Extend Strategic Partnership With New Long-Term Agreement

Finova, the UK’s leading cloud-based mortgage and savings software provider, has today announced the signing of a new long-term agreement with investment, protection and retirement specialist, LV= to support the provider’s equity release platform.

This renewal extends the long-standing partnership into a new phase, wherein Finova will support LV= with an expanded service portfolio to improve the scalability and resilience of its equity release range.

The partnership facilitates the migration of LV’s equity release platform into the cloud, which introduces greater operational efficiency and future-proofs LV’s position as a technology leader in the equity release sector.

The agreement follows a strategic collaboration between the businesses and builds on previous milestones, including a significant contract and the successful transition from legacy hosting providers. It reflects LV’s broader commitment to enhancing its technology stack and scaling securely in line with the Prudential Regulation Authority’s (PRA) SS2/21 regulatory standards.

John Tilzey, Sales Director at Finova, says:

“Our long-standing partnership with LV= has gone from strength to strength, and this new agreement reflects the shared commitment to delivering high-performing and customer-centric services in the equity release market. LV= continues to be at the forefront of market trends and conversations, and we truly value the collaborative way they work. We’re proud to support their ambition and continued leadership in this sector.”

Patrick Oldham, Equity Release Proposition Director at LV=, says: 

“We’re pleased to renew and expand our partnership with Finova, especially at a time when the equity release market is growing and evolving. For LV=, this agreement is about further enhancing our digital capability in areas that matter most and to amplify our customer offering. We’re passionate about driving innovation in the sector, and look forward to building on this partnership.”