New Equity Release Lender More2Life Launches New Products

Signs that the equity release market is beginning to spark into life again, can be evidenced by the re-emergence of a former lender in the market.

More2Life have joined forces with annuity specialist Partnership assurance to re-launch their impaired life roll-up lifetime mortgage plan.

Incorporating an impaired life facility & protected equity guarantee, the More2Life equity release plan can be seen to be opening a niche market for itself. The impaired life facility means that depending on health & lifestyle, a higher than normal tax free lump sum can be achieved, should serious health issues be present.

The More2Life equity release plan has been designed with three scenario’s in mind: –

1. Enhanced plus – industry leading maximum release, impaired life product

2. Enhanced protected – impaired life plan with ‘protected equity guarantee’

3. Protected plan – older applicants looking for a ‘protected equity guarantee’

Pitching the enhanced plus plan at the maximum release end of the market means that should the applicant qualify on medical grounds, they would have the highest lump sum currently available. This would even surpass the current Aviva Lump Sum Max product, although this would be at the expense of a higher interest rate with More2Life.

The following percentages are the maximum releases available on the Enhanced Plus: –

Age 55 23%

Age 60 28%

Age 65 33%

Age 70 38%

Age 80 48%

Age 90+ 54%

For example, an applicant aged 65 with a property valuation of £250,000 & meeting the underwriting criteria, can release a maximum of £82,500 on the enhanced plus plan.

The interest rate for this product will be 7.49% monthly.

The second product – ‘enhanced protected plan’ is also based on health & lifestyle grounds & again can provide an enhanced lump sum. However, to qualify for this equity release scheme the health situation will not be a serious as the enhanced plus. The interest rate for this plan is lower at 6.99% monthly.

Another feature of this plan is the ‘protected equity guarantee’ which is included & guarantees a percentage of the property for the children/beneficiaries on the eventual sale of the property.

The guarantee works as follows: –

Should the overall facility available be £80,000, yet only £40,000 is taken, then 50% of the final sale value will be protected on sale.

This can be an essential tool for applicants who wish to ensure that a guaranteed inheritance is passed onto their children.

The final option is the ‘protected plan’ which has no impaired life facility, but does include the protected equity guarantee. The interest rate is the same as the enhanced protected at 6.99% monthly.

In summary, depending on whether the maximum lump sum is being sourced, or one is looking to take equity release but still guaranteeing an inheritance for their children, then one of the three More2Life schemes can benefit.

An Equity Hawaii Home Loan Rate Can Be Good for Your Health

Your eyes slowly begin to close as you start to doze. You dream that you have escaped the stresses and worries of your office cum cubicle cum prison cell. Your business suit has been traded in for your new uniform: a swimsuit. There are no annoying cell phone ringtones playing, no meetings to attend, and no appointments to keep! Your new co-worker is a crab busily digging a hole in the sand. Suddenly, a thunderous crashing sound awakens you, transporting you back to your beachside Hawaiian resort. The crashing sound was a breaking wave. You could see it from where you are reclining, with a mango shake in arm’s reach. If you want to permanently enjoy Hawaii’s healthy lifestyle, you must find the best equity Hawaii home loan rate to make it happen.

Anchored Islands

Mark Twain once described Hawaii as “the loveliest fleet of islands that lies anchored in any ocean.” Today, the islands produce more than surfboards and pineapples. Though housing in Hawaii is difficult to secure, the population grows steadily. If you can secure an ideal equity Hawaii home loan rate, the cost of a slice of paradise is certainly worth it, however. This is doubly true if you want to improve you health in a tropical environment.

Club Mother Nature

It is never fun to be cooped at home with the flu, in the middle of wintertime. Why put yourself through that, when Hawaii offers an endless list of activities? You can go on a horseback ride to the apex of Hiilawe, one of the state’s loveliest waterfalls. If you prefer to travel above land, you can rent a parasail and get a bird’s eye view of the main island. But if you want to be a fish for a day, you can go snorkelling through the Molokini Marine Preserve. All of these activities let you stretch your muscles without overextending your budget. Even better, all you need to enjoy them is to find the best equity Hawaii home loan rate. Locating the perfect equity Hawaii home late rate can put you within striking distance of these workouts at Club Mother Nature.

Health Nut

Many of the tropical plants that surround you during your Hawaiian excursions have edible fruits. The banana and pineapple are old standards, but what are some more exotic tropical fruits in Hawaii?

* The mango is somewhat oval in shape, with a sweet-smelling organ flesh that covers a huge middle seed. The mango contains much vitamin C and A, and though you cannot make a penny out of it, it has some copper as well. After one taste of this fruit, finding the lowest equity Hawaii home loan rate might become your next mission in life.

* The jackfruit, which can have a weight of up to 100 pounds, is the fig’s huge relative. This fruit contains tiny spines and its shape is either oblong or oval. A ripe jackfruit has a plain, sweet flavor and is often used in deserts. Jackfruits are fairly high in vitamin C.

* Macadamian nuts are a healthy ingredient for chocolates and cookies. This fruit became one of Hawaii’s commercial crops in the 20th century. Macadamian nuts are an excellent source of calcium, potassium, and protein. But removing the stubborn kernel from its shell can be an operation that requires a screwdriver and bench vice.

Hawaii can be good for your health. Several activities around the islands can keep you in shape, while local tropical fruits can give you the extra energy that you need. Locating the lowest equity Hawaii home loan rate is