More2Life - Capital Choice Plan
Roll up Lifetime Mortgage
Rate: 3.00%
APR: 3.11%
Incentive Deal:
Features: FREE Valuation Offer | Cashback Options* | 10%pa Voluntary Partial Payments | Fixed Early Repayment Charges | NO Application Fee | Downsizing ERC Exemption

More2life have consolidated their position in the equity release market with a straight forward lump sum lifetime mortgage plan with a competitive interest rate and balance control facility. It provides a single tax-free lump sum with a competitively fixed interest rate.

More2life provide an externally funded solution to equity release lending. By lending-on these funds, they create tailored equity release mortgages, designed to suit the requirements for homeowners over the age of 55.

The Capital Choice Plan provides a two-fold security measure for homeowners looking to protect an inheritance for their beneficiaries. This includes the Protected Equity Guarantee and the Voluntary Partial Payment facility - as described later.

These equity release plans start at age 55 with a maximum upper age of 95. The property must be situated in England, Wales or mainland Scotland and come with a minimum property valuation of £70,000 and a high maximum property valuation of £5 million.

There is a minimum release of £10,000 with an overall maximum equity release loan of £1.5 million.

The More2Life Capital Choice Plan is essentially a roll-up equity release scheme. However, with the inclusion of the Voluntary Partial Payment Option, this lifetime mortgage can be turned into either an interest-only, or capital & repayment mortgage scheme.

This is due to the fact that upto 10%pa can be repaid based on the original amount borrowed with NO penalty. Therefore, each homeowner can manage the future balance of their plan in accordance with their inheritance wishes by making monthly or ad-hoc capital repayments from day 1 of the commencement of their mortgage.

The inheritance feature called the ‘Protected Equity Guarantee’ option allows a specific percentage of the value of the property to be safeguarded for the future. This can be should you wish to guarantee an inheritance for your children.

Another major attraction of this product is the ‘3-Year No Early Repayment Exemption’. This applies to joint applicants, where one party either dies or moves into long-term care. Following such an event, the surviving partner has a 3-year window in which they can repay the mortgage with NO penalty.

More2Life also have a couple of features that offer a more fixed nature towards early repayment of this lifetime mortgage plan. The first, is by offering homeowners taking out this plan fixed early repayment charges of 5% in year 1-5, 3% in year 6-10. There are NO early repayment penalties after 10 years.

Additionally, a Downsizing Protection feature is included, which allows homeowners the ability to repay the loan in full with NO penalty should the homeowner downsize property, subject to criteria, after 5 years.

*3% Cashback offer available on loans over £35,000.
Please contact the Compare Equity Release team to check our latest cashback offers.

Call 0800 678 5169 for further details & request your More2Life Capital Choice Lifetime Mortgage Key Facts Illustration.
These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.


  • All schemes are authorised and regulated by the FCA
  • Continued ownership of 100% of your home
  • Interest rates sourced from the whole of the market
  • Continued benefit from future house price increases
  • Special deals with incentives to save you money
  • Free initial advice with no commitment or credit checks

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These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration. helps you to compare and arrange equity release schemes from the whole of the equity release market:

Aviva | Bridgewater | Hodge Lifetime | Just Retirement | LV= | more2life | One Family | Retirement Advantage | Pure Retirement L&G Crown