More2Life

More2Life launched in 2008 and have grown rapidly to become a leading, specialist lifetime mortgage lender. Their plans are only available through specially selected brokers – of which Equity Release Supermarket is one.

More2life offer five different types of lifetime mortgage:

More2Life Flexi Choice Plans

The ‘Flexi Choice’ range of lifetime mortgage plans are funded by a leading UK life insurer - Rothesay. There are several versions of the ‘Flexi Choice’ plans which are available either as lump sum plans, or with a drawdown facility. They differ in the size of the loan-to-values they offer, the interest rate and the minimum and maximum loan amount that can be taken – so that you can customise a plan that meets your individual needs.

More2Life Tailored Choice Plans

‘Tailored Choice’ is a range of lifetime mortgages designed specifically for people with qualifying medical conditions which could allow you to borrow more.

More2Life Maximum Choice Plans

‘Maximum Choice’, as the name suggests, is More2Life’s lifetime mortgage plan for those looking to borrow the most they can and so the interest rate on offer reflects this. ‘Maximum Choice’ is available either as a lump sum or drawdown plan.

More2Life Capital Choice Plans

‘Capital Choice’ is also available in several different versions; if you opt for a smaller loan size to the value of your home, then you’ll pay a lower interest rate. With ‘Capital Choice’ you also have the facility to make 10% capital repayments every year and there are no early repayment charges.

More2Life Prime Choice Plans

‘Prime Choice’ range of plans are geared towards the maximum loan-to-value region of the market. Hence, if you are looking for a maximum equity release loan - the More2Life Prime Choice range could be ideal.

Whichever type of More2Life equity release plan you’re interested in, they all come with a wide range of flexible features such as inheritance protection, the ability to make voluntary repayments and fixed early repayment charges.