Later life lender More2Life has brought back its prime choice product range following a six-month hiatus due to the mini Budget.
The prime choice lump sum product range has revised loan to value tiers, ranging from 17.8 per cent for younger borrowers to 48.1 per cent for those aged 84.
The age range for prime products goes from 55 to 84.
Interest rates start from 6.6 per cent and the loan values go from £10,000 to £600,000. The maximum goes up to £1m in London and the South East.
Les Pick (pictured), director of sales at More2Life, said: “The return of prime choice to the market highlights the further confidence in the sector following the challenges of the September mini Budget.
“With Consumer Duty approaching, the return of innovative products such as prime choice which are designed to better serve older borrowers will – I am sure – be welcomed with open arms.”
He added: “While Consumer Duty will no doubt spur on lenders to consider their product offerings, customer demand for more flexibility and a wider range of options is driving innovation at the moment.
“With more customers looking for support and expecting terms that mirror those in the wider mortgage market, there is a real opportunity to build strong foundations on which to grow this sector.”
The range will sit alongside its flexi, tailored, maxi and capital choice products.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
