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More 2 Life hits £2bn worth of loans under management

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  • 22/10/2018
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More 2 Life hits £2bn worth of loans under management
Equity release lender More 2 Life has doubled its total loan size in a year, reaching more than £2bn worth of loans under management.

 

More 2 Life funds its loans from a range of third party capital sources.

The lender expects to receive around £1bn in new loan applications this year, due to a buoyant market, product innovation and technological advancements.

Dave Harris, CEO at more 2 life (pictured), said that this has been achieved through a combination of new lending plus the acquisition of back-books the lender is now servicing on behalf of third parties.

It come after More 2 Life in August appointed Ben Waugh as director of operations and change management.

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