more2life, the leading later life lender, has reintroduced its Maximum Choice product range following a six month hiatus due to the market challenges after the Government’s mini-Budget in September 2022.
This joins their Flexi, Tailored, and Capital Choice ranges which are designed to meet a variety of customer needs.
The Maximum Choice range has been refreshed with updated loan-to-value’s (LTVs) and interest rate.
The revised LTVs vary from 19.50% on the younger end up to 46.60% for those aged 84.
The return of the Maximum Choice range amplifies more2life’s product offering giving advisers more options to discuss with their clients enabling them to deliver better customer outcomes.
Les Pick, 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.
He added: “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.”
