A digital mortgage platform from fintech businesses ClearScore and Koodoo in partnership with Santander seeks to help customers better understand the pros and cons of remortgaging with their current lender or switching to a new one. If users choose to switch to a new Santander product they can do so online in five minutes. The development comes as the Financial Conduct Authority (FCA) has been calling on the industry for more innovative ways to help consumers compare products and assess eligibility. ClearScore co-founder and CEO Justin Basini said: “We have been able to develop a market-first innovation that will simplify the remortgage process . . . But this is just the beginning; we are excited to broaden our remortgage offering even further to help more people make the right financial decision for them.”

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