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More2Life launches plus-59 per cent LTV equity release deals

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  • 08/06/2021
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More2Life has launched two equity release deals which it claims have the highest loan to value (LTV) options on the market.

 

The Maximum Choice Super 1 & 2 deals have LTVs up to 59.28 per cent and are open to borrowers aged between 55 and 95 years old. The Maximum product range now contains eight plans.

Rates start at 4.78 per cent on loans between £10,000 and £750,000, against properties valued from £100,000 to £1,000,000.

Borrowers benefit from downsizing protection, the ability to make up to 12 per cent partial penalty-free capital repayments.

The deals come with fixed early repayment charges.

Stuart Wilson (pictured), corporate marketing director at more2life, said: “Today’s product announcement reinforces our commitment to delivering a competitive and market-leading proposition to our adviser partners and their clients.

“By offering the highest LTV available in the lifetime mortgage market, we are confident that advisers serving older borrowers will be better equipped to support this demographic with their later life lending needs. Over the coming months, enhancing our proposition with this end goal in mind will continue to be a focus for us and we look forward to adding new plans to our extensive product range soon.”

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