More2Life - Flexi Choice Super Lite Plan
Roll up Lifetime Mortgage
Rate: 3.53%
APR: 3.66%
Incentive Deal:
Features: FREE Valuation Offer | No Application Fee Option* | 10%pa Voluntary Partial Payments | Fixed Early Repayment Charges | Downsizing Protection | Guaranteed Inheritance Protection

More2life have consolidated their position in the equity release market by designing retirement solutions that aim meet a wide range of customer needs. Being a retirement lending specialist, More2Life offer a flexible approach to mortgage lending solutions for the over 55 age group.

More2life offer an externally funded solution to equity release lending. The Flexi Choice range of lifetime mortgage plans are funded by a leading UK insurer. They offer two Flexi Choice options - the Standard & Lite versions which are essentially drawdown lifetime mortgages with different loan-to-value ratios and added features.

These Rothesay funded products are only available via six specialist equity release advisor firms, of which Compare Equity Release has been selected. Compare Equity Release are therefore able to bring you More2Life's market leading interest rates, which also include voluntary payments and fixed early repayment charges. Hence, More2Life offer plenty of flexibility to suit a changing retirement landscape.

Aimed towards the lower end of the interest rate scale, the Flexi Choice Voluntary Payment Lite Plan offers homeowners the flexibility of making ad-hoc or regular payments back to the lender in order to control the future balance of the plan. This could therefore be managed as an interest-only, or even capital & interest mortgage.

The Flexi Choice Super Lite Plan is ideal for the homeowner who wants to have flexibility in controlling their outstanding loan balance and who is overall concerned with the impact of interest roll-up. With the Flexi Choice Super Lite Plan offered by More2Life, clients are able to make up to 10% capital repayments every year without incurring any early repayment charges. This even allows the balance to be repaid down to £0 with no penalty when using the voluntary payment facility.

This product offers loans that range from a minimum equity release mortgage of £10,000 upto a maximum of £460,000. In order to be eligible for this loan, the homeowner must be between the ages of 55 and 84 and have a maximum valuation of £1.5m.

More2Life offers a variety of interesting features with this product. To start, there is standard downsizing protection. This means that if the homeowner needs to sell their home and repay their loan in full because they are moving to another property that does not meet More2Life’s lending criteria, they are able to do so without incurring any early repayment charges as long as it is five years after the initial loan period.

The More2Life Flexi Choice Super Lite Plan has fixed early repayment charges that follow a simple sliding scale over the first 10 years of the loan. For years 1 to 5, the charge is 6%. For years 6-10, the charge is 3%. There are no early repayment charges after this 10 year period.

The most attractive feature of this product is perhaps the flexible repayment schedule. The homeowner can choose to make capital repayments of up to 10% each year without incurring any early repayment charges. Each repayment must be at least £500 and cannot exceed 10% of the loan amount every year.

This Flexi Choice Super Lite Plan is ideal for the homeowner who isn’t looking for a maximum equity release amount and wants a very competitive interest rate that is fixed for life. The knock on effect of this will be reassurance for homeowners looking to take advantage of a lifetime mortgage product that are concerned with interest roll-up on their loan.

An extra feature for this type of homeowner will that the product allows the homeowner to make payments that fit their budget and not a fixed repayment schedule. This will also affect the final balance as any repayments made will lower the final balance, yet increase the inheritance for any potential beneficiaries.

Call the Compare Equity Release team on 0800 678 5169 for further details, or to request a quote on the More2Life Flexi Choice Super Lite Plan.
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