In 2019 more2life completed almost £1 billion of new loans and launched five new lifetime mortgage plans to provide customers with flexible solutions to help meet their individual lending needs.

With its wide range of funding and products in the market, more2life expects to continue achieving high levels of growth as more and more older borrowers turn to equity release to help boost their income in retirement.

Dave Harris, CEO at more2life, commented: “Hitting £3 billion of loans under management since the launch of more2life is a fantastic milestone. To have achieved this goal within a year of reaching £2 billion in lending is a phenomenal accomplishment, especially given that after years of double digit growth the market has started to slow.

“A combination of product innovation and hard work from the entire team at more2life has enabled us to grow our business to new heights.

“However, more is yet to come – the retirement lending market is barely scratching the surface of the increasing demand from consumers. As the industry evolves, we are committed to launching a series of new initiatives and driving product innovation even further, as we continue to work with advisers to ensure unlocking equity is seen as a viable option when discussing retirement planning with clients.”