The plan has two options, flexi-choice for properties up to £2m and flexi-choice premier for properties over £2m.
Customers can get a range of benefits including a service promise guaranteeing a 10-day application to offer process. If the lender fails to meet this deadline then the customer receives £500.
If the completion date is moved by More2Life then the client receives an additional payment of £200.
Loan to values (LTV) available range between six per cent and 46 per cent with loan sizes range from £10,000 up to £1m, or £2m for the premier option.
The deals also come with free Energy Performance Certificates (EPC) on completion and fixed early repayment charges are also in place.
There is a three-year compassion clause and the ability to make ad hoc payments of up to 10 per cent of the total cash advanced each year.
Ben Waugh, managing director at More2Life, said: “With the recent figures from the Equity Release Council highlighting that we are starting to see green shoots in the market, More2Life is keen to support advisers as they speak to customers by making this market-leading plan more readily available.
“Not only are the rates the best on the market but flexi-choice also offers a service promise, free energy performance certificates and fixed ERCs as well. This is a particularly compelling offering when rising rates mean that customers are scrutinising product flexibilities more than ever.
“We look forward to working closely with a wider range of advisers to support their clients’ growing needs.”
