More2life has added two new products to its ranges with the highest loan-to-value options in the equity release market.

The products, called Maximum Choice Super 1 and 2, offer LTVs of up to 59.28% with rates starting from 4.78% MER (monthly equivalent rate) on loans between £10,000 and £750,000 against properties valued from £100,000 to £1,000,000.

Borrowers aged between 55 and 95 can avail of the products, which come with fixed early repayment charges

The product offering also includes downsizing protection, the ability to make up to 12% partial penalty free capital repayments from day one and ERC exemption on death or admission into long-term care in joint cases.

In April, the lender introduced its Prime Max Lump Sum product, which offers LTVs up to 58%.

More2life corporate marketing director Stuart Wilson says: “By offering the highest LTV available in the lifetime mortgage market, we are confident that advisers serving older borrowers will be better equipped to support this demographic with their later life lending needs.

“Over the coming months, enhancing our proposition with this end goal in mind will continue to be a focus for us and we look forward to adding new plans to our extensive product range soon.”