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more2life Equity Release

Join us as we fully explore more2life’s range of equity release products, particularly their lifetime mortgage, and find out why more2life is a trusted provider in the industry. 

*No personal details are required to use our free equity release calculator.

Page last updated – 22nd February 2023

Checked for accuracy by:

Rhona - Equity Release Analyst

more2life Equity Release: An Overview

more2life is a leading provider of equity release solutions in the UK, helping homeowners aged 55 and over access the equity in their homes to support their retirement plans. According to industry statistics, in the first half of 2021, more2life was the second largest provider of lifetime mortgages in the UK, with a market share of 18.4%.

The more2life lifetime mortgage provides an opportunity to secure a loan against your property without having to sell or vacate your home. There are two options available: lump sum and drawdown. A lump sum loan entails a single upfront payment that can be utilized for any purpose, while a drawdown loan provides access to a line of credit that can be withdrawn as needed, with interest being charged only on the borrowed amount.

Eligibility for the more2life Equity Release loan requires a property valued at a minimum of £75,000, with a minimum release amount of £15,000 and the maximum being dependent on your age and property value. The no negative equity guarantee is a significant advantage of this loan, ensuring that neither you nor your heirs will ever owe more than the value of your property, even if the loan amount exceeds the property’s worth, providing reassurance for future planning.

more2life Equity Release Calculator

If you’re interested in equity release and want to know how much you could release from your property with more2life, our free equity release calculator can provide you with an approximate estimate based on your age, property value, and other relevant factors.

It’s essential to remember that the calculator only provides an estimate, and the actual amount you can release may depend on several variables, including your lifestyle, health, and the loan type you select.

Using our more2life equity release calculator is straightforward, and you only need to enter some details and answer a few questions about your property and personal situation. The calculator will then provide you with a rough estimate of the maximum amount you could potentially release.

However, it’s always wise to consult a qualified equity release adviser before making any decisions. A specialist adviser can help you better understand your options, respond to your questions, and provide tailored advice based on your specific needs and circumstances.

While our more2life equity release calculator is a valuable starting point for anyone considering equity release, it’s important to remember that it’s only an estimate and should be used in conjunction with expert advice.

Try our free more2life equity release calculator

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You could release around
If you are eligible for enhanced rates then you could release around

more2life Equity Release Rates

If you’re considering equity release with more2life, one of the key factors to consider is the interest rates on their lifetime mortgage loans. more2life equity release interest rates can impact the amount you’ll owe over time, so it’s important to understand how they work and what you can expect.

The interest rates on more2life equity release loans are typically fixed for the life of the loan. This means that you’ll know exactly how much you’ll owe in interest each year, regardless of any fluctuations in the market.

The interest rates can vary depending on a range of factors, such as your age, the value of your property, and the type of loan you choose. Generally, the older you are and the more valuable your property, the lower the interest rate you can expect.

It’s important to note that the interest on a more2life lifetime mortgage is compounded, which means that interest is added to the outstanding balance each year. This can result in a significant amount of interest owed over time, especially if you choose to borrow a large sum of money.

The current best more2life equity release rate, as of February 2023 is 6.82% (MER) for their Lifestyle Flexible Enhanced Drawdown Lifetime Mortgage and 6.95% (MER) for their Lifestyle Flexible Enhanced Lump Sum Lifetime Mortgage.

The current best more2life equity release rate, as of February 2023 is 5.76% (MER) for their Flexi Choice Super Lite Drawdown Lifetime Mortgage and 5.76% (MER) for their Flexi Choice Premier Super Lite Lump Sum Lifetime Mortgage.

more2life Equity Release Reviews

If you’re thinking of opting for a more2life equity release product, it’s crucial to conduct thorough research and comprehend the feedback provided by other customers regarding their interactions with the company. These reviews can offer valuable insights into the service quality, transparency of information, and overall customer experience.

In this section, we’ll delve deeper into more2life reviews, including customer feedback about the company and how you can use it to make informed decisions.


more2life have a very respectable Trustpilot rating of 4.4 out of 5 which is a Trustpilot rating of excellent.

You can also search for individual more2life equity release advisers on VouchedFor.co.uk

more2life Equity Release Industry Awards

Receiving industry awards can be a powerful testament to a company’s dedication towards delivering top-notch products and services. It is a surefire way to instill confidence in customers regarding their preferred provider. When it comes to more2life equity release, the company has secured multiple industry accolades, recognizing their commitment to product excellence, innovation, and customer service.

In this section, we will take a closer look at the awards more2life equity release has earned, their significance, and how they reflect the company’s unwavering commitment towards offering exceptional equity release products and services to their valued customers.

more2life Equity Release Awards

more2life Equity Release Complaints

If you have a complaint about more2life equity release, the first step is to contact more2life directly to discuss your concerns. more2life has a dedicated complaints team who will investigate your complaint and work with you to resolve any issues.

If you believe that you have been mis-sold a more2life equity release product, it’s important to raise your concerns with more2life as soon as possible. Mis-selling can occur when a product is sold to a customer who does not meet the eligibility criteria, or when a customer is not fully informed about the costs, risks, and benefits of the product.

In addition, if you have an issue with a more2life equity release product, you can also contact the Equity Release Council. The council is a trade body that represents equity release providers and advisers and is committed to promoting high standards of conduct and consumer protection within the industry.

To make a complaint to the Equity Release Council, you will need to provide details of your complaint, including any correspondence with more2life and any relevant documentation. The council will then investigate your complaint and provide a decision, which is binding on more2life if it is accepted by you.

If your complaint is not resolved to your satisfaction through more2life or the Equity Release Council, you can escalate your complaint to the Financial Ombudsman Service (FOS). The FOS is an independent body that provides a free and impartial service to help resolve disputes between consumers and financial companies.

It’s important to note that the complaints process can be lengthy and may not always result in a satisfactory outcome. To avoid potential issues, it’s important to work with a qualified equity release adviser who is a member of the Equity Release Council when considering a more2life equity release product. An adviser can help you understand the costs, risks, and benefits of the product, and ensure that you are fully informed before deciding.

more2life Contact Details

General Enquiries
03454 500 151

PO Box 1168

more2life Terms & Conditions

Understanding the terms and conditions of more2life equity release is critical if you’re considering this option. These terms and conditions outline the essential features of the product, such as the maximum amount you can borrow, the interest calculation method, and what happens if you decide to repay the loan early.

more2life equity release products are specifically designed to enable homeowners to access the equity in their property. The amount you can borrow will vary based on various factors such as your age, property value, and the type of loan selected.

In general, the terms and conditions include information about the interest rate, which is typically fixed for the duration of the loan. Additionally, they specify the minimum property value and minimum release amount, which can differ depending on the product.

It’s essential to carefully read and understand the terms and conditions to ensure you make an informed decision and select the product that’s best suited to your needs.

Properties Which Might Not Be Eligible For more2life Equity Release

more2life equity release products are designed to be accessible to homeowners aged 55 and over who have significant equity in their property. However, it’s essential to understand that not all properties and property ownership structures are suitable for more2life equity release, and you need to know these limitations before applying for a product.

To be eligible for equity release with more2life, you must either own your property outright or have a small mortgage that can be repaid using the equity release product’s proceeds. Large mortgages or other loans may not be eligible  as the loan must be repaid before any funds can be released.

Additionally, some types of properties may not be suitable for more2life equity release, such as holiday homes, buy-to-let properties, or properties that are not your main residence. Properties that are in poor condition or have structural issues may also not be suitable, as more2life needs to ensure the property can be sold at a reasonable price in the future to repay the equity release loan.

Lastly, properties in certain areas or with unusual features may also be unsuitable for more2life equity release. Properties in high-risk areas for flooding or subsidence may be deemed too risky, as the property’s value could be significantly affected in the future.

It’s important to carefully assess your property’s suitability before applying for more2life equity release, and seeking advice from a qualified equity release adviser can help you understand the limitations and risks, ensuring that you make an informed decision about whether it’s the right option for you.

more2life Equity Release Application Process

The application process for more2life Equity Release is designed to ensure that you fully understand the costs, risks, and benefits of the product and that you have the support and advice you need to make an informed decision about whether it’s the right option for you.

Initial enquiry: The first step is to contact a qualified equity release adviser to discuss your eligibility and suitability for an Equity Release product. You will need to provide details about your property, your age, and your financial situation.

Advice and recommendation: If it’s determined that you may be eligible for equity release, you will work with an adviser to understand the costs, risks, and benefits of the product. The adviser will provide a recommendation based on your individual circumstances, and help you understand the impact on your finances and estate.

Application: Once you have decided to proceed with an more2life Equity Release lifetime mortgage, you will need to complete an application form. This form will ask for details about your property, your age, and your health, as well as information about any outstanding loans or mortgages.

Valuation: more2life will arrange for a valuation of your property to determine its current market value. This valuation will be conducted by a qualified surveyor and will consider factors such as the size, location, and condition of your property.

Legal advice: You will need to seek independent legal advice to ensure that you understand the terms and conditions of the lifetime mortgage. This advice will be provided by a solicitor who specializes in Equity Release and ideally, should be a member of the Equity Release Council. You can search their member database here.

Offer: Once all the necessary checks have been completed, more2life will provide you with an offer for a lifetime mortgage. This offer will include details of the amount you can release, the interest rate, and any fees or charges associated with the product.

Acceptance: If you are happy with the offer, you will need to sign a legal agreement to accept the terms and conditions. Once this agreement has been signed, the funds will be released to you.


more2life’s Guide To Lifetime Mortgages

How Long Does It Take?

more2life suggests that the equity release process from start to finish takes between 8 and 12 weeks for a standard case.

more2life For Advisors

more2life Intermediaries is a specialized program created for financial advisers and intermediaries who are helping clients with equity release options.

The program provides advisers with access to a team of dedicated equity release specialists who offer expert guidance and support, making it easier to navigate the complex world of equity release and find the best solutions for their clients.

Moreover, more2life Intermediaries provides advisers with a wide range of tools and resources to aid in marketing, compliance, and product information. They also offer training opportunities and a secure online portal for managing client accounts.

Advisers also benefit from competitive commission rates and a range of payment options that cater to their individual needs. This not only helps advisers to maximize their earnings, but also provides valuable services to their clients.

Overall, more2life Intermediaries is a beneficial program for advisers looking to work with clients interested in equity release. The program offers various benefits and resources to help advisers provide high-quality advice and support while building their business and increasing their earnings over time.


more2life equity release provides homeowners with a flexible and trustworthy option to tap into their property’s equity. With a wide range of products and choices, more2life equity release can help homeowners fund their retirement, pay off debts, or invest in home improvements.

A significant advantage of more2life equity release is the no negative equity guarantee, which means that homeowners will not owe more than the value of their property, even if the outstanding loan amount surpasses the property’s value at the time of sale. In addition, more2life equity release offers competitive interest rates that remain fixed for the loan’s duration, as well as various payment options tailored to the homeowner’s specific requirements.

To ensure that you make an informed decision, it’s critical to speak with a qualified equity release adviser before committing to a more2life equity release product. An adviser can provide valuable guidance to help you understand the costs, risks, and advantages of equity release, as well as explore other options that may be available to you.

Overall, more2life equity release is a trustworthy and versatile solution for homeowners seeking to access their property’s equity. With the appropriate advice and assistance, homeowners can make informed decisions about their finances and enjoy a comfortable retirement.

Advisor of the month

Lesley Wright Advisor of the Month

Lesley Wright

Equity Release Advisor

55+ Equity Release

01234 567899

N Member of the ERC

N FCA Regulated

N Over 35 Years Experience

TrustPilot Rating

VouchedFor Rating

Our advisor of the month is a handpicked equity release professional who has impeccable reviews and qualifications. We check many sources to ensure that we believe they will offer you the highest standards of service and thoroughly sound advice.*

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