More2life has relaunched its Apex suite of products, which comes with a high loan-to-value range.  

The later-life lender’s Apex Plus and Super products are available for customers aged between 55 and 84 — with a minimum loan of £10,000.   

The range was suspended following market turbulence in the wake of former Chancellor Kwasi Kwarteng’s mini-Budget in September.  

Borrowers who use the products can make partial repayments, with the option of making repayments of up to 10% of the initial loan amount in each non-overlapping 12-month period.   

This can start on the day the loan completes, without incurring extra early repayment charges.  

The lender says the suite is available for customers who live in properties valued between £100,000 and £1.2m.   

It also has a fixed early repayment charge which reduces to 0% after four years, and its LTVs range up to 51.20% for older customers.  

More2life managing director Ben Waugh says: “Today’s whole-of-market relaunch of our Apex Plus and Super product lines highlights that while rates are higher than those seen in early 2022, we are still pushing to support as many customers as possible.  

“There continues to be a high level of interest in equity release products in the UK, as consumers explore how they can unlock the value of their property without needing to sell it.   

“In combination with modern lending flexibility, our full range of products will provide consumers with the best possible range of options as they continue to discuss and evaluate their finances with specialist advisers.”