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More 2 Life details top 10 reasons for equity release application declines

  • 02/07/2019
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More 2 Life details top 10 reasons for equity release application declines
Equity release lender more 2 life has unveiled the factors for advisers to look out for that could make an equity release case hard to place or result in a decline.


Equity release lending criteria are based on the value of the property increasing over time and they focus on issues that could affect the value or saleability.

The lender ranked the top 10 reasons for an application decline. They were flat roofs, proximity to a commercial property, non-standard construction, flood risk, single skin construction, ex-local authority, clutter inside the house, asbestos, proximity to electricity and spray foam under the roof.

“A decline can be devastating for the client and disappointing for the adviser who has worked to help them,” said more 2 life chief executive Dave Harris.

“If the client mentions that they have been flooded in the past, this should sound alarm bells and advisers should be aware that the case might be more difficult to place.

“Every funder has slightly different criteria. We work with a variety of organisations and we are in the fortunate position to help the vast majority of customers. However, we believe it’s important to educate advisers so they can start to manage their clients’ expectations,” Harris said.

The lender detailed the potential stalling points in ‘A guide to lending criteria: Helping you to spot any potential pitfalls’. 

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