More 2 life has launched a repayment calculator to show a client an interactive representation of the impact of making partial or no repayments on the remaining equity in their property over a 15 year period.
It will also show what happens if future house prices increase or decrease and highlight the protection offered by no negative equity guarantee through dynamic graphs.
Dave Harris, chief executive at more 2 life, said: “Our partial repayment feature available on a number of our ‘choice’ products is popular with consumers. However, explaining features of any financial product can be challenging.
“With this new partial repayment calculator available to advisers, they will be able to highlight the value of this product feature utilising a dynamic graph which automatically updates as the input fields change.
“This is the first of a number of tools we will be launching this year to help advisers as we continue to grow and develop new innovative ways to support advisers. We continue to strive to be the sector innovator in technological advances to help both advisers and clients.”
Changes have also been made to the more 2 life’s website to make is more user friendly with an improved navigation and a new ‘tools to help you’ section.
The lender has also revamped its CII-accredited webinar programme to offer ‘on demand’ content as well as live events.