Finova comment on the FCA mortgage announcement

22 July 2025

Matt Harrison, customer success director at Finova Broker, comments:

"These reforms mark a positive shift in the right direction — simplifying the rules will help reduce barriers for borrowers, but also for the advisers and lenders working hard to guide them through an increasingly complex mortgage market.

“At Finova, we see first-hand how vital streamlined processes and clear advice are to driving better outcomes. Easing the remortgaging process and allowing more flexibility around term changes gives brokers more tools to work with — but also places greater emphasis on tech-enabled support to navigate those options efficiently and compliantly.

“As distribution evolves, the importance of intelligent sourcing, accurate case tracking, and joined-up lender-broker communication will only grow. These reforms open the door for firms to rethink how they deliver advice and value — and technology will be the backbone of making that happen.

“We welcome the FCA’s recognition that innovation and strong consumer outcomes go hand-in-hand, and we look forward to continuing to support brokers with the systems and insight they need to make the most of these changes."