more2life has launched a new guide for for advisers that outlines the most common equity release offer conditions and how to manage them.

The guide forms part of the equity release lender’s mission to streamline the journey from application to completion, ensuring advisers are fully supported should any complications arise along the way.

more2life stated that failing to prepare for likely offer conditions can be costly for advisers and clients, as it can mean that the transaction takes longer than the offer period, and the complexities of some common conditions can often prove surprising.

If unprepared, the later life lender has estimated that advisers could face an average timescale from offer to completion of 47 days – more than double that of more common cases where the only offer condition is repayment of the existing charge on completion.

more2life’s new guide provides information for advisers on where they should look to obtain any regulatory documentation and how to prepare clients and their solicitors for expected offer conditions.

“We understand that advisers can’t always predict every nuance of an application for their clients, so we aim to provide all the support they need to make the process smoother,” commented more2life director of manufacturing and adviser propositions, Les Pick.

“The latest edition to our suite of resources gives an overview of the most common offer conditions and how to best manage them, so advisers and clients can avoid costly delays.

“We hope this concise factsheet can guide advisers how to best serve their clients and offers support during this particularly turbulent economic period. It reflects our commitment to provide educational tools and materials so that advisers can continue to provide excellent service for their clients even when things are challenging.”

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