Is it right for your clients?

Right for your clients

• more 2 life enhanced protected - if your client is over the age of 55 and has relatively minor health problems or has a particular lifestyle that could reduce their life expectancy, and they want to ensure an inheritance for their nearest and dearest, this could be the plan for them!

• more 2 life enhanced plus - if your client is over the age of 55, perhaps has a more serious health problem that could affect their life expectancy and they are looking to release the maximum possible amount from their property, this might be the plan for them!*

• more 2 life protected - if your client is over the age of 70 and doesn’t have any particular health problems but wishes to ensure an inheritance for their loved ones, this is likely to be the plan for them!

You can confirm which plan(s) your client qualifies for by logging in to the Members section of the website and completing some short health questions on your customer’s behalf. Be sure to answer the questions accurately as for the “enhanced protected” and “enhanced plus” plans we will have to request a medical report and the results must be checked against the answers you have provided to the health questions.

Some other points to consider

• The minimum loan amount is £15,000.00
• The minimum amount for any cash facility is £5000
• For loans of £500,000 or more please refer to more 2 life
• The maximum number of applicants is two
• If the property is jointly owned, a joint application must be made. Your clients don’t have to be married and can be of the same gender
• If your client has a power of attorney in place, the attorney may sign the documentation on their behalf
• Anyone living at the property when the application is completed, but not named as a borrower, may have to sign a waiver to any claim on the home. (Spouses who do not jointly own the property cannot sign a waiver. They must be added to the property and be party to the loan)
• Your customer’s; age, health, lifestyle, gender and property value will be considered when we assess eligibility for the plans and calculate how much money they can release
• The loan is secured on your client’s home

The property…

• Must be located in England or Wales
• Must be their main residence
• Should be freehold or leasehold with the following minimum amount of years left on the lease on completion of the loan:
• Youngest borrower, Age 55-64 = 80 years must be left on the lease
• Youngest borrower, Age 65-74 = 75 years must be left on the lease
• Youngest borrower, Age 75 or more = 65 years must be left on the lease
• Should be worth £70,000 or more
• Should have no outstanding loans secured on it. If there are any outstanding mortgages or loans the money released must be used to repay them
• Must have adequate buildings insurance

*The interest rate for this plan will be higher than our other plans as it is designed to allow the maximum possible release amount and they will not be able to ensure an inheritance from their property.