"Speaking to advisers, there is no doubt that there are customers who need to consider how housing equity can support their later life finances"
more2life has announced the return of its Maximum Choice product range following a six-month hiatus after the Government’s mini-budget in September 2022.
The new range joins more2life's Flexi, Tailored, and Capital Choice ranges.
The Maximum Choice range has been refreshed with updated LTVs and interest rates. The revised LTVs vary from 19.50% on the younger end up to 46.60% for those aged 84.
Les Pick, director of sales at more2life, commented: “The return of Maximum Choice to the market highlights the growing confidence in the sector following the challenges of the September mini-budget. Speaking to advisers, there is no doubt that there are customers who need to consider how housing equity can support their later life finances and lenders are stepping up to the plate to help advisers meet these needs.
“Each product launched is an affirmation of this desire to help customers and their advisers find the right option for their individual circumstances so the return of Maximum Choice should be welcomed. However, this is just the start, and we hope to be able to offer Maximum Choice drawdown in the near future as well as other innovative products which are designed to better serve older borrowers.”
