more2life has launched a new suite of online tools to help advisers source equity release products for their clients.

The equity release lender has launched the tools following adviser feedback, which called for improved integration of loan-to-value (LTV) and repayment tools to allow for more flexibility.

As well as this, the more2life website has been refreshed with a new streamlined, modern design which includes an improved Learning Lab, easy access to product information as well as adviser tools and its latest news and research.

Changes to more2life’s “max LTV calculator” have also been made so in addition to providing the minimum and maximum LTV release across the lender’s range, it also now displays the maximum release possible across each product type to aid plan comparisons.

Furthermore, the lender’s “retained equity tool” allows an adviser to show the impact of making repayments in terms of the difference this makes to the overall debt, set against house value over a given timescale.

Director of manufacturing and adviser proposition at more2life, Les Pick, said: “We are committed to listening to advisers and trying to find the best way to support them as they help their clients.  Following feedback that better LTV and repayment calculators would be a useful discussion tool to help them navigate the current complex market, we’re delighted to launch our new online toolset.

“At a time when clients may be more anxious around their financial options, we hope that being able to provide simple, clear data on the benefits and costs of equity release will enable advisers to best explain the options available.

“Equity release is a powerful tool for many over-55s to augment their income or provide financial support to families or friends, and we want to make it as accessible and transparent as possible as the cost of living continues to rise.”

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