Later life lender More2life will integrate the Horizon lifetime mortgage product range, previously offered by Standard Life Home Finance, into its proposition.
The Horizon lifetime mortgage range covers both Horizon plans and Horizon Interest Reward, with its 15-year repayment period, for borrowers willing and able to commit to set monthly interest payments.
More2life said Horizon will now sit as a separate product offering within its proposition, expanding its range of lifetime mortgage solutions which includes Flexi, Flexi Interest Reward, Maxi Zero ERC, Tailored, Capital and Maxi.
Further new products will be launched shortly.
More2life CEO, Dave Harris, said: “This is a significant milestone for more2life with an integration that not only strengthens our market-leading position, but also reaffirms our long-term commitment to the later life lending sector.
“At a time when operational efficiency and clarity are paramount, we think bringing the Horizon range under more2life will enhance both the adviser experience and market visibility.”
Harris added the lender will continue to invest heavily in further product innovation, adviser tools, and service excellence.
More2life said the decision to move Horizon within its offering allows the group to move to a one-brand structure while retaining the breadth of product offering.
It means that, from the end of July 6, SLHF will no longer offer new lifetime mortgages, however, all existing SLHF customer loans will continue to be managed and serviced by SLHF.
More2life said it was fully committed to both the later life lending market and to broadening the range of Horizon product variants available.
tom.dunstan@ft.com
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