more2life has launched its first ever lifetime mortgage where no early repayment charges (ERCs) apply, designed to provide clients with maximum flexibility in later life. The maxi zero ERC product, which is based on more2life’s maxi super 1, 2 and 3 lifetime mortgage products, is designed to support clients who have immediate financial need but anticipate their circumstances may change in the period where ERCs typically apply. Maxi zero ERC comes with key criteria highlights include being available to clients between 55 and 89 years old, LTVs offered between 20.5% and 49.5%, with loans available from £15,000 to £700,000. The product comes with a £1,199 arrangement fee for the initial advance and £499 for any further advance.

KSEYE has appointed Matthew Rogers as an underwriter. He joins the firm’s underwriting team from Pivot Finance, where he served as credit manager. He brings over seven years in the industry, having worked as PropFin and Nova Financial, where he managed complex lending cases and supported clients with tailored financial solutions. As part of his new role, Rogers will play a role in enhancing the underwriting team’s ability to provide flexible solutions to brokers and clients. The firm has provided specialist property finance since 2012, lending over £800m to date.

Aspen Bridging has reduced rates across the board by up to 60 bps for all new applications as the lender targets a strong end to 2024. Flat rates now start from 0.85% per month, while stepped rates have also fallen and are available from an initial 0.59% per month, moving onto 1.25% per month secondary. Residential and development exit rates are available at 0.87% at 75% LTV and 0.85% at 70% LTV, while the lender’s refurbishment bridge begins at 0.89% at 80% LTV. Aspen’s no valuation product, which removes the need for physical inspection to speed up the process loan, has an increased LTV of 75%, up 5% with rates now available from 0.89%.

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