Unlocking Financial Freedom: more2life’s Innovative Approach to Equity Release
As the financial landscape continues to evolve, more2life, a prominent equity release provider, has made significant strides in enhancing its high loan-to-value (LTV) product range. The recent expansion includes the introduction of the Tailored Enhanced and Maxi Choice offerings, catering to a diverse clientele seeking flexible financial solutions.
Tailored Enhanced: Empowering Clients with Enhanced Access
One of the standout features of more2life’s Tailored Enhanced range is the provision of expanded access to the company’s highest available LTVs, now reaching up to an impressive 54%. This development opens up new possibilities for eligible clients looking to leverage their property assets for financial gain.
Maxi Choice: Tailored Solutions for Older Borrowers
Targeted at older borrowers across the market, the Maxi Choice range offers tailored solutions to meet the unique needs of this demographic. The relaunch of the Max Super 1 and Super 2 products brings added flexibility, with the maximum age limit on all Maxi plans extended from 84 years old to 89 years and 364 days.
Enhanced Features and Benefits
In addition to the age extension, more2life has increased the maximum loan amount from £950,000 to £1.5 million, providing borrowers with access to larger sums for their financial requirements. Furthermore, the maximum property value is now uncapped, offering unparalleled flexibility to clients.
Widening Access and Lower Rates
To enhance accessibility, drawdown plans have been reintroduced, and all Maxi plan rates have been reduced. These changes not only widen access to the product but also make it more attractive to a broader range of potential customers.
A Vision for the Future
Ben Waugh, the managing director at more2life, emphasized the importance of offering competitive LTV options to older UK homeowners. He highlighted the role of equity release in enhancing income and supporting financial gifts for younger relatives. Waugh’s vision for more2life is to set a new benchmark in later life lending offerings, with a commitment to continuous product evolution.
Expert Guidance for Informed Decisions
Waugh stressed the significance of seeking expert advice to navigate the evolving landscape of equity release products effectively. By engaging in comprehensive conversations with industry professionals, customers can gain access to tailored products that may not be readily available through direct channels.
In conclusion, more2life’s recent enhancements to its product range signal a proactive approach to meeting the diverse needs of clients in the ever-changing financial market. With a focus on flexibility, accessibility, and competitive rates, more2life continues to pave the way for innovative solutions in equity release.
