More2Life - Tailored Choice Plan
Roll up Lifetime Mortgage
Rate: 6.15%
APR: 6.48%
Incentive Deal:
Offers: FREE valuation | This product comes with a maximum drawdown facility | Ill-Health Plan | Cashback Deals*

More2Life have consolidated their stance within the equity release market by launching an innovative roll-up lifetime mortgage plan now renamed the More2life Tailored Choice Plan.

Originally backed by annuity specialists Partnership Assurance, More2Life have created a unique impaired life product that will potentially provide the maximum lump sum available in the marketplace, based on your health & lifestyle pattern.

Subject to medical underwriting and with NO medical requirement, if you have a history of illness including high blood pressure, heart problems, diabetes and cancer, even down to smoking or being overweight, could see you qualify for an extra cash lump sum.

After successfully being underwritten, the plan will provide a greater lump sum than normal equity release schemes, essential if you require the maximum amount of tax free cash from your property.

This enhanced lifetime mortgage plan start at age 55. Although the minimum age stated is 55, to qualify, the equivalent underwritten rated age must reach age 60 for single applications, and age 65 for joint applications.

The Tailored Choice Plan is currently available in England, Wales or mainland Scotland on properties valued over £70,000 and upto £1 million. More2Life will consider properties valued above £1m upon request. Hence, if you need a bespoke quote, please contact CompareEquityRelease.com on 0800 678 5169.

There is a minimum release of £10,000, with a maximum overall lump sum being £600,000.

The More2Life enhanced lifetime mortgage scheme is also available as a drawdown plan. By offering this unique enhanced reserve facility, more2life potentially will offer the largest drawdown facility in the equity release market.

You can borrow from the reserve facility after 6 months without further approval & subject to a minimum of £5,000. There are no further admin fees on subsequent withdrawals from the drawdown facility created.

Another major attraction of this product is the ‘Protected Equity Guarantee’ option which allows a specific percentage of the value of the property to be safeguarded as an inheritance. This can be beneficial if you wish to guarantee an inheritance for your children.

FREE valuation offer currently available

* Upto 5% cashback is available dependent upon age

**Interest rates are based on the age of homeowner

Please call our team on 0800 678 5169 for further information on the range of more2life equity release deals.
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.

CompareEquityRelease.com 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