more2life, the later life lender, has today (11th December 2025) announced it has cut Early Repayment Charges (ERCs) on its Flexi lifetime mortgage product range from 15 to 10 years.
Flexi products are lifetime mortgages designed for clients who want strong repayment freedom, a clear cost profile and the ability to make ongoing voluntary payments without charge up to the set allowance. There are three options available to borrowers covering Flexi, Flexi Interest Reward, where the customer can secure an interest rate discount in return for regular payments, and Flexi Premier.
more2life said the cut to a 10-year ERC period for Flexi marks a notable shift in how long clients need to commit to the product, and follows feedback from advisers who requested a shorter structure in light of client demand.
The lifetime mortgage lender said the new 10-year ERC period gives a more defined horizon for clients who may wish to repay earlier due to changes in health, family needs or property plans. It said it also offers a clearer framework for advisers when mapping possible repayment scenarios.
The ERC reduction applies to all new Flexi cases from today. For further information on Flexi, please visit: https://www.more2life.co.uk/product/flexi
Alongside the Flexi ERC change, more2life has also announced the rollout of its Age Next Birthday (ANB) feature for advisers and their lifetime mortgage clients using Air Sourcing and AdviseWise sourcing systems.
ANB allows clients to request KFIs based on the youngest applicant’s upcoming age, provided their next birthday is within 50 days. It means they can now complete on a higher loan amount in advance of their birthday, plus allows those aged 54 to request a KFI in advance of being able to complete when they turn 55, subject to conditions.
These changes follow the announcement earlier this week that the Horizon and Horizon Interest Reward product ranges have now been added to the more2life product suite.
Dave Harris, CEO at more2life, said:
“Flexi has been one of our most popular plans for many years, and this shift to a 10-year ERC period reflects what advisers have told us they need for clients. It reflects how borrowers are increasingly living their lives and gives advisers the option to provide their clients with a shorter ERC commitment while keeping the core strengths that make Flexi so useful in so many cases.
“Advisers have told us they want this so they can recommend a flexible, competitively-priced lifetime mortgage with built-in safeguards that align with the real-life wants and needs of their clients.
“We’ve also been able to bring in our new ANB function which opens up a wider range of options for advisers, even supporting those clients who are close to 55 in order that they can complete after their birthday. ANB is currently available to users of Air Sourcing and AdviseWise, with plans to roll this out across other platforms soon.
“These steps come in the same week that Horizon and Horizon Interest Reward joined our range, giving advisers even more ways to shape suitable outcomes.
“All of the above are part of the same aim at more2life. We want advisers to make more of the later life client opportunities available to them and by utilising these clearer tools, stronger options and growing levels of support from us, we believe they’ll be able to develop a much strong advisory proposition tailored to these clients.”
