More2Life are equity release lending specialists borne from the specialist lending arm of Key Retirement. Using external funding models, More2Life offer a range of bespoke lifetime mortgage deals to homeowners over the age of 55. More2Life also provide a range of lifetime mortgage plans including the Tailored Choice, Capital Choice, Maximum Choice and Prime plans.
The More2Life Flexi Choice range of lifetime mortgage plans are funded by Rothesay - a leading UK life insurer. The versions of the Flexi Choice plans include - Super Lite, Lite, Midi, Extra and Plus. The rate quoted is the Flexi Premier Lump Sum Lite plan. All plans differ in the size of the loan-to-values they provide at certain ages and the resultant interest rate More2Life will apply based on this loan-to-value. In essence, the lower the loan-to-value, the lower the interest rate that's offered.
Their Flexi Choice Premier Equity Release Plans are aimed at the higher net worth end of the mortgage market due to the minimum loan size and minimum acceptable property value. The Premier Choice Plan provides a large initial capital lump sum only. Combining balance control measures using their flexible 10% partial repayment facility, along with a competitive lifetime mortgage interest rate, More2Life aim to offer this Premier Lump Sum equity release scheme to specifically target high net worth retirees.