Sprive is an AI‑driven platform that analyzes a homeowner’s transaction data to identify surplus cash and automatically allocate it for mortgage overpayments, executing the payment with a single tap and showing real‑time interest‑saving projections. The service continuously scans rates from 14 UK lenders, alerts users to better remortgage offers, and provides in‑app access to vetted mortgage specialists who handle the application process while waiving the standard broker fee.
Funding
Funding not disclosed
Founders
Product
Problem
Homeowners often lack a systematic way to allocate discretionary spending toward mortgage overpayments, resulting in prolonged loan terms and higher cumulative interest. Additionally, tracking optimal remortgage opportunities across multiple lenders requires manual market monitoring and specialist advice, which many borrowers find time‑consuming and opaque.
Solution
Sprive delivers an AI‑driven platform that continuously analyzes a user’s transaction data to identify surplus cash and automatically earmarks it for mortgage overpayment, executing the payment with a single tap. The service projects interest savings, updated loan‑to‑value ratios, and revised payoff dates in real time, giving borrowers a transparent view of their progress. Parallel to the overpayment engine, Sprive runs daily market scans across 14 major UK lenders and surfaces personalized remortgage offers when a better rate emerges. Users can instantly engage vetted mortgage experts through the app, who handle paperwork and negotiate terms, while Sprive absorbs the typical £500 broker fee. All interactions are secured via end‑to‑end encryption and comply with UK data‑protection standards, ensuring both financial and personal data remain protected.
Target Audience
The primary users are UK residential mortgage borrowers seeking to shorten loan terms and reduce interest costs, particularly those comfortable using mobile fintech solutions and interested in automated financial optimization.
Features
- AI-powered cash‑flow analysis that classifies spending categories and auto‑allocates excess funds to mortgage overpayments
- One‑tap payment execution directly to the borrower’s lender, with real‑time confirmation and receipt storage
- Dynamic dashboard showing remaining principal, LTV, projected interest, and accelerated payoff timeline
- Continuous market surveillance across 14 UK lenders, triggering push notifications for rate‑drop or better‑deal alerts
- Integrated human advisory layer: in‑app chat with vetted mortgage specialists who manage remortgage applications and documentation
- Broker‑fee waiver of £500 for Sprive customers, eliminating upfront advisory costs
- Multi‑lender connectivity via secure APIs, supporting both fixed and variable‑rate mortgages
- Mobile‑first design with biometric login, encrypted data sync, and compliance with GDPR and FCA guidelines