Our lifetime mortgages include competitive interest rates and an array of extra features as standard, providing you with improved protection both now and in the future.

From the ability to make voluntary repayments without an early repayment charge, subject to criteria. To being able to move home in the future without any early repayment charges, subject to the new property meeting the lender’s criteria, our lifetime mortgages are tailored to meet the varied needs of todays over 55s.

With a more2life lifetime mortgage, you can trust you’re getting a plan that’s designed with your best interests in mind. So, whether you’re looking to supplement your retirement finances, repay your existing mortgage, or provide a financial gift to loved ones through equity release, we’re confident we’ll have a plan that’s right for you.

Things to consider

Alongside the benefits of equity release, we also want you to be aware of what’s important to consider before making a decision.

  1. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits
  2. Equity release may involve a lifetime mortgage, which is a loan secured against your home
  3. With a lifetime mortgage, there are typically no monthly repayments, as the loan plus roll-up interest, is repaid when the plan ends. This is usually when you, or the last remaining applicant, either passes away or moves into long-term care
  4. A lifetime mortgage may result in limited or no property equity remaining and will reduce your financial options in the future

Protections to give you peace of mind

All of more2life's lifetime mortgages come with a range of features that are designed to protect you and your interests. The Equity Release Council is the industry body for the UK's equity release sector and these guarantees have been designed to help ensure good customer outcomes.

No negative equity guarantee

The no negative equity guarantee, meaning you can never owe more than your home’s value or pass on any equity release related debt to your family.

Guarantee of tenure

The right to remain in your property for life or until you, or the last remaining applicant, moves into long-term care.

Moving home

The right to move to another property, subject to the new property meeting our lending criteria at that time.

Fixed rates

Fixed interest rates for the life of your plan.

Are you eligible for a more2life lifetime mortgage?

To apply for one of our lifetime mortgages from an award-winning lender, you need to:

Be aged 55 or over (for joint life applications, you both need to be over 55)

Own a UK-based home (not including the Isle of Man or the Channel Islands) that’s worth at least £70,000

 Need to borrow at least £10,000

 

Live permanently in your home. It must be your main residence and shouldn’t be unoccupied for more than six months per calendar year

 

Getting the right advice

To take out a lifetime mortgage, you first need to receive advice from a qualified equity release adviser who’ll look at all your options and tell you if it’s right for you.

If you’re yet to find an equity release adviser, we recommend searching the Equity Release Council's database of registered equity release adviser members. All Equity Release Council members have agreed to abide by Equity Release Council rules, guidance and standards, and have signed up to the Council's Statement of Principles.

Find an adviser

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