more2life is integrating Standard Life Home Finance's Horizon lifetime mortgage product range into its proposition.
The Horizon lifetime mortgage range covers both Horizon plans (fee-free and fee-paid) and Horizon Interest Reward, with its 15-year repayment period for borrowers able to commit to set monthly interest payments.
more2life said Horizon will now sit as a separate product offering within its proposition, expanding its range of lifetime mortgage solutions which includes Flexi, Flexi Interest Reward, Maxi Zero ERC, Tailored, Capital and Maxi, with further new products to be launched shortly.
The lender said the decision to move Horizon within more2life from the 7th July allows the Group to move to a 'one-brand structure'.
It means that, from the end of the 6th July, Standard Life Home Finance will no longer offer new lifetime mortgages, however, all existing customer loans will continue to be managed and serviced by Standard Life.
Dave Harris (pictured), CEO at more2life, commented: “This is a significant milestone for more2life with an integration that not only strengthens our market-leading position, but also reaffirms our long-term commitment to the later life lending sector.
“At a time when operational efficiency and clarity are paramount, we think bringing the Horizon range under more2life will enhance both the adviser experience and market visibility. This move means we have a simplified, stronger proposition, whereby advisers can continue to access the fantastic Horizon products with no disruption, and clients will see no change to the excellent service they are accustomed to.
“We will continue to invest heavily in further product innovation, adviser tools, and service excellence, and to support the market in terms of delivering the solutions required for the growing range of homeowners who want and need access to the equity in their homes.”
