More 2 Life increases LTVs on enhanced equity release

The provider says their focus on criteria such as on high blood pressure, weight, smoking, diabetes and early retirement has enabled them to offer higher loan-to-value (LTV) deals. A 65 year old with serious health or lifestyle issues can now access a maximum LTV of 45.1% compared with 34% previously and for consumers aged 70 and over, the highest LTV available is 50%, an increase from 39%. Jon King, managing director of More 2 Life, said: "Equity release needs to adapt to changes in lifestyles and increased longevity by providing more flexible and tailored solutions." Since June 2...