more2life has announced that the Horizon and Horizon Interest Reward product range will join its product suite.
The Horizon lifetime mortgage range, previously offered by Standard Life Home Finance (SLHF), covers both Horizon plans (fee-free and fee-paid) and Horizon Interest Reward, with five, 10 and 15-year repayment periods for borrowers able to commit to set monthly interest payments.
Standard Life Home Finance announced that it would no longer offer new lifetime mortgages earlier this year.
The integration expands more2life's range of lifetime mortgage solutions, with Horizon sitting alongside options like Flexi, Flexi Interest Reward, Maxi, Maxi Zero ERC, Tailored and Omni, with further new products set to launch shortly.
From today, all Horizon and Horizon Interest Reward applications will be submitted and managed by more2life. The product features remain unchanged, ensuring there is little impact on advisers and their clients.
In the coming weeks, the later life lender said it will guide advisers through the next steps in the integration, including how to access Horizon via Fastpath and sourcing systems, as well as where to find helpful materials.
Dave Harris, CEO at more2life, commented: “more2life is committed to the later life lending sector for the long-term, and this integration of Horizon and Horizon Interest Reward reaffirms that commitment, as well as our position as market leaders.
“Bringing Horizon into our product suite family will provide advisers with even more choice from more2life, meaning more ways to support their older homeowner clients in achieving their goals, and more solutions for the unique circumstances and scenarios advisers are faced with.
“more2life is built around helping advisers succeed, with smart processes, dedicated support and tools which make the job easier. We will continue to invest significantly to support advisers, and help their clients access the solutions to ensure they make more of their later life.”
