The renewal extends the already formed partnership into a new phase, where 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.

Finova sales director John Tilzey 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= equity release proposition director Patrick Oldham adds: “We’re pleased to renew and expand our partnership with Finova, especially at a time when the equity release market is growing and evolving.”