More2life refreshes Maximum Choice Range

Published on

More2life has announced the return of its Maximum Choice product range following a six-month hiatus due to the market challenges after the ‘mini Budget’ in September 2022.

This joins the lender’s Flexi, Tailored, and Capital Choice ranges.

The Maximum Choice range has been refreshed with updated LTVs and interest rate. The revised LTVs vary from 19.50% on the younger end up to 46.60% for those aged 84.

Les Pick (pictured), director of sales at more2life, said: “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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

REalyse reports 30% month-on-month growth as brokers and agents tap into AI tools

Proptech platform REalyse has reported a 30% month-on-month increase in agent sign-ups to its...

Cooling rental market signals shift in tenant behaviour as first-time buyers return

Tenant demand across Great Britain has dropped sharply, marking a significant turning point in...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Sellers cut prices as property market enters price-sensitive summer phase

Home sellers have reduced asking prices this month, signalling a shift in strategy as...

Latest opinions

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Other news

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Cooling rental market signals shift in tenant behaviour as first-time buyers return

Tenant demand across Great Britain has dropped sharply, marking a significant turning point in...

REalyse reports 30% month-on-month growth as brokers and agents tap into AI tools

Proptech platform REalyse has reported a 30% month-on-month increase in agent sign-ups to its...