The products are called Apex with initial LTVs of up to 31.7 per cent for those aged 55, and 61.7 per cent for clients aged 84.
Loan amounts begin from £10,000, for property values starting from £100,000 to £1m, with interest rates from 6.88 per cent.
Customers can make penalty-free partial repayments of up to 10 per cent each year from releasing equity.
And borrowing can be paid off after year five, without incurring any penalties.
More2life says the range offers the highest LTV in the market and plans to roll Apex out to the market on a phased basis to manage demand and build understanding among advisers.
Dave Harris, chief executive at More2life, said: “Providing innovative products to the later life mortgage market is something which More2life has always prioritised. By adding another range to our product roster, it firmly positions us to lead from the front and signals our commitment to better supporting advisers and their customers.
“With increasing numbers of people looking to use equity release to manage their mortgage borrowing, Apex will help those who need a high LTV product with all the modern lending flexibilities. The market leading five-year ERC [early repayment charge] period combined with the ability to make capital repayments will provide customers with a host of options to choose from as they discuss their options with their adviser.
“We have seen substantial growth in the later life lending market in the first half of 2022 as organisations step up to support their customers and at More2life, we will continue to focus on taking innovative approaches to the challenges facing the market, its advisers and customers.”
