more2life has announced that it now has £3bn worth of loans under management, following a record year of growth for the equity release lender.
Last year saw the firm complete almost £1bn worth of new loans, as well as launch a series of new equity release plans – which included its fifth product portfolio, Prime Choice, with its fifth funder.
more2life CEO, Dave Harris, called hitting £3bn of loans under management since the firm’s launch a ‘fantastic milestone.’
“To have achieved this goal within a year of reaching £2bn in lending is a phenomenal accomplishment, especially given that after years of double-digit growth the market has started to slow,” he said.
“A combination of product innovation and hard work from the entire team at more2life has enabled us to grow our business to new heights.”
more2life, one of the largest equity release lenders in the UK, has continued to achieve record levels of business in the sector and in 2019 alone, the lender developed and launched five new lifetime mortgage plans.
The five products launched this year – which as well as Prime Choice include Prime Plus Lump Sum, Tailored Plus, Maximum Choice Lite and Capital Choice Lite – have provided the firm’s customers with flexible solutions to help meet their individual lending needs.
Harris added: “More is yet to come – the retirement lending market is barely scratching the surface of the increasing demand from consumers.
“As the industry evolves, we are committed to launching a series of new initiatives and driving product innovation even further, as we continue to work with advisers to ensure unlocking equity is seen as a viable option when discussing retirement planning with clients.
“Next year looks certain to be an exciting time for the equity release sector and more2life is committed to being at the forefront of pushing the industry forward.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories