Standard Life Home Finance has lifted the maximum loan-to-value ratios across the Horizon lifetime mortgage range to 51% from 49%, as it broadens its loan criteria.   

The range offers home loans of between £15,000 and £1.5m, available on a lump sum or drawdown basis.  

Its lump sum plans provide clients with a discounted interest rate for the duration of the lifetime mortgage should they commit to making set monthly interest payments for a specified term.   

This latest move follows updates in March, which broadened the type of properties that could qualify for these types of products.  

This included accepting properties where the roof has previously been treated with foam spray, improvements as to what falls under maintenance in estate charges, and considering cases where there is a commercial presence near the property. 

Standard Life Home Finance head of sales Sanjay Gadhia says: “As house prices rise, unlocking a larger percentage of your home translates into significant increases in the sums available from a Horizon lifetime mortgage, making them even more appealing to advisers and their clients. 

“This increase in LTVs on Horizon Interest Reward should be welcome news for advisers, as 67% of those on higher LTV plans had opted for this facility in 2024.  

“The ability to secure a discounted rate through making full or partial interest payments on Horizon Interest Reward puts the client in control, allowing them to tailor the plan to meet their needs and circumstances.”