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.
