more 2 life cut the rates following increased use of its sophisticated online medical underwriting system which enables intermediaries to source the highest possible loan to value for customers.
The rate cut applies to lump sum and drawdown business with maximum LTV rates of up to 50% for customers with the highest levels of impairment.
Jon King, managing director of more 2 life, said: “Online medical underwriting has made the process of assessing customers more efficient and we are able to pass on the benefits through reduced rates.
“We are continuing to see strong demand for and increased use of the system as advisers are making checking for enhancements a standard part of the equity release process.”
more 2 life launched enhanced equity release in June 2010 and was the among the first to offer improved LTVs to customers with medical conditions or lifestyles affecting life expectancy.