more2life has launched a new 58% LTV product, Prime Max Lump Sum, which it says currently offers the highest LTV in the equity release market.
The plan is open to borrowers between the ages of 55 and 84, sitting within more2life’s ‘Prime’ product range and offers fixed early repayment charges and rates starting from 6.64% MER and 6.85% AER for loans between £10,000 and £600,000.
The new product follows the launch of more2life’s Prime Lite Lump Sum 3 and 4 plans, which offer rates from 4.36% MER and LTVs between 25.5% - 47.5%.
more2life corporate marketing director Stuart Wilson commented: “This latest product launch is reflective of our commitment to helping advisers and their clients through the current crisis and beyond. As part of that aim, we are continually developing new products that suit the complex financial situations that many later life borrowers now find themselves in, particularly as a result of the pandemic. Ultimately, this will enable more advisers serving the equity release market to secure optimal results for their clients.
“Being able to offer the highest LTV in the lifetime mortgage market through our Prime Max Lump Sum plan is something we are incredibly proud of, and we are confident that this added flexibility within our Prime range will be met with great enthusiasm by advisers supporting clients in later life. Helping the adviser community in their conversations with older homeowners, particularly those who are unsure about their financial situation, is our top priority, so providing solutions that will enable them to do this effectively will continue to be a key focus for us.”
Latest News
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
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.
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?
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.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories