The MCI mortgage club has announced the addition of more2life to its later life lending panel.
As the sixth lender to join the MCI panel, more2life will provide the club’s members with access to a wider range of products for their customers.
All of MCI’s later life lending panel is available for free through the recently launched MCI branded version of Air Sourcing.
The more2life range includes products with features from fixed early repayment charges (ERCs) – with ERC exemptions for joint cases in exceptional life events – to plans with partial repayments of up to 12% without the client incurring any ERCs.
“Adding more2life to our panel is a positive step towards the launch of our later life lending proposition,” commented head of the MCI Club, Melanie Spencer.
“The demand and need for advice has grown significantly and we want to ensure that our members are equipped with a proposition that can support all demographics in their client bank. Partnering with more2life is a logical step to enhance our proposition and will complement the technology offering we have as a club.”
more2life CEO, Dave Harris, added: “As an industry, we are seeing an increase in people being interested in borrowing into retirement – whether it is to repay an outstanding mortgage balance, gift to a younger family member or improve their income.
“By joining the MCI panel, more2life will be able to give its qualified specialist advisers more opportunities to support their customers. It is vitally important that holistic conversations are part of retirement planning and this is a step in the right direction.”
Latest News
-
Govt has failed to act on lifetime ISA recommendations – Treasury Committee
-
FCA consults on unlimited contactless card payments
-
Tavistock acquires Lifetime Financial Management
-
Consumer finance new business grows 4% in July – FLA
-
Just Group completes £23m pension buy-in
-
Three quarters of brokers support FCA mortgage review
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories