more 2 life announces record applications
more 2 life has announced a record week for new business with the number of applications received 25% higher than its previous record set back in 2014.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The news reflects the mood in the wider market, with the Equity Release Council recently reporting a record start to the year of £325m of lending in Q1.
Dave Harris, managing director, said:
“For us, this is a tremendous achievement but more importantly we think this reflects the rude health of the industry as a whole and the potential for this market to grow and grow.
“We listen carefully to our customers – the advisers out there talking to clients about their retirement lending needs – and that means we are able to quickly deploy new support and features to match the mood of the market. For example, we have recently simplified and improved our enhanced lifetime mortgage proposition, increased our LTVs to the highest on the market and boosted our cash back deals. We deliver what our customers are asking for and we think that is reflected in the new business surge we are currently enjoying.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
FCA confirms new incident reporting and third party rules
