more 2 life reports 39% application surge
more 2 life has reported record lending figures for 2015, driven by a 39% surge in applications for its equity release range.
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Growth was partly driven by expansion across the equity release market as a whole which saw total lending rise 16% to £1.61 billion.
It also believes the launch of its online portal designed to speed up applications and further integrate underwriting will drive further expansion in 2016.
Dave Harris, managing director at more 2 life, said:
“The surge in applications and new lending high underline the success of our focus on innovation and investment in technology and staff during 2015.
“The market as a whole is growing strongly but needs to maintain the drive to launch new products which can address issues such as interest-only payments and the need for more retirement lending."
