more2life has launched a new lifetime mortgage product designed to reward clients for committing to make partial interest payments with discounted rates. The apex interest reward product builds on more2life’s apex product, which was relaunched to market last quarter, while also offering interest rate discounts to clients who choose to make regular payments. For a 25% interest payment each month, the client will receive a 30 bps discount for the product rate, for 50%, the discount is 55 bps and for 75%, the discount is 75 bps. Rates on the apex interest reward product start at 7.81% MER, with LTVs up to 52%.

Fleet Mortgages has launched a new range of five-year fixed rate products, which are available in its three core product areas, standard, limited company and HMO/MUB. The new standard and limited company products are available at 5.29%, while the HMO/MUB product is offered at 5.69%. All products are available at up to 75% LTV and come with a 3% fee, with a minimum of £750.

Access Financial Services (FS) has appointed Adrian Brewer to the new role of head of later life. Brewer is a former branch manager at Mortgage Advice Bureau Later Life, bringing 30 years of experience to the role, having spent two decades at Beech Finance. The new role has been created in response to the growing market for borrowers aged 55 and over and will enable Access FS to grow a new later life component of its mortgage and protection business. Brewer will work to expand the firm’s later life proposition, develop awareness among advisers of the benefits of later life lending and to drive new business opportunities.

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