The range makes a comeback following a six-month hiatus
Later life lender more2life has reintroduced its Maximum Choice product range, following a six-month pause due to market volatility, after last September’s mini budget.
The Maximum Choice range has been refreshed with updated loan-to-values (LTVs) and interest rates. The revised LTVs vary from 19.5% on the younger end, up to 46.6% for those aged 84.
more2life said the return of its Maximum Choice range, which joins the Flexi, Tailored, and Capital Choice ranges, amplifies its product offering, giving advisers more options to discuss with their clients.
“The return of Maximum Choice to the market highlights the growing confidence in the sector following the challenges of the September mini budget,” commented Les Pick (pictured), director of sales at more2life. “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.
“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.”
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