More 2 Life Capital Choice Lite

Are You Considering the Capital Choice Lite Scheme? What are the Eligibility Requirements, Features, Interest Rates & Scheme Options? Discover If This Equity Release Plan Is For You.

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More 2 Life Capital Choice Lite Scheme Review

Capital Choice Lite Key Details

Type Rate APR
More 2 Life Fixed 3.18% 3.3%

Scheme Incentives

  • Free Valuation
  • Free Application

Scheme Offers

  • 3-year No Early Repayment Charge*
  • Downsizing Protection Feature
  • Guaranteed Inheritance Feature
  • Fixed Early Repayment Charges

I think you’ll agree with me when I say:

It’s REALLY hard to choose the best equity release scheme with all the choices available.

Or is it?

Is the More 2 Life Capital Choice Lite, equity release scheme the best?

Don’t let your equity release dream become a nightmare!

Luckily, we’re here to guide you on the ins and outs of equity release, as you deserve only the best.

However, it’s important to remember that not all plans are suited to each individual. You need to look for one that will serve your home, your lifestyle, and the reason why you’re considering equity release in the first place.

As leading experts in the field, we’ve delved into hours of research, unpacked all the equity release plans on the market (we’ve reviewed over 250 schemes!), and discovered the best in the business.

Could the More 2 Life Capital Choice Lite be the right equity release plan for you?
We’re here to help you:
More 2 Life is one of the leading equity release providers on the market and might just be the answer you’ve been looking for.
Can you truly go wrong with More 2 Life?

Let’s find out!

Who Are More 2 Life?

More2Life is one of the UK’s leading lifetime mortgage lenders, and from its inception, they’ve been exclusively focused on equity release,1Â assisting advisers, and prioritising the interests of their clients.
More 2 Life Capital Choice Lite

Scheme Background

Are you 55+ and craving more flexibility in equity release lending? Choose More2Life equity release, the lending specialists that offer a range of bespoke lifetime mortgage deals to homeowners over the age of 55.

As the specialist lending arm of Key Retirement, More2Life uses external funding models to offer a range of lifetime mortgage plans, including the Tailored Choice and Flexi Choice plans.

Their Capital Choice Equity Release scheme is a Drawdown Lifetime Mortgage plan which aims to provide a low-interest rate, yet higher loan-to-value ratios.

What’s more, the Capital Choice Drawdown Plan provides a greater level of flexibility than the simpler Capital Choice Lump Sum version. With this being a drawdown scheme, a flexible cash facility is provided which enables the homeowner to access future funds, as and when required.

Eligibility & Requirements

The More2Life Capital Choice Lite Drawdown Plan is particularly intended for homeowners who want a flexible drawdown plan as well as a competitive equity release interest rate and the freedom of balance control.

Minimum Property Valuation

The lowest property valuation for this More2Life Capital Choice Lite Mortgage is £70000, with a maximum property worth of £5 million.

Property Location Requirements

The property location, which must be the homeowner’s primary residence, must be in England, Wales, or mainland Scotland. Flats and maisonettes will have a loan-to-value of 85 percent of the normal loan-to-value.

Single vs Joint

More2Life’s Capital Choice Lite Drawdown Equity Release program is offered on a single and joint life basis, with a minimum age of 55 and an upper age restriction of 95 for this lifetime mortgage.

Minimum Release

This More2Life Lite plan has a minimum release of £10000 and a maximum loan of £1500000.

Scheme Features

This More2Life Capital Choice Lite Drawdown program is an equity release plan that seeks to offer a release of equity in proportion to the amount of equity the homeowner is anticipated to require over their lifetime. This can be taken as a lump sum or as a series of payments as and when needed during the homeowner’s lifetime by utilizing the cash reserve facility, which will be 2x the initial loan amount.

The maximum withdrawal facility is proportional to the age of the youngest applicant and the value of the property. As a result, the greater the applicant’s age, the greater the aggregate maximum withdrawal facility made accessible.

The downsizing protection feature of the More2Life Capital Choice Lite plan is an additional and important feature that allows anyone moving house after 5 years to return the loan in full with NO penalty.

Valuation Features

A substantial free appraisal is provided, as well as a guaranteed lifetime interest rate on the initial lump amount.

Early Repayment Feature

More2Life’s Capital Choice Lite plan now includes set early repayment costs of 5% for the first 5 years, 3% for the following 5 years, and none thereafter.

Equity Release Council Status

More2Life is an Equity Release Council member, and all of its plans come with a no-negative-equity guarantee. As a result, when the house is ultimately sold, no beneficiaries will be left with a debt owed to the equity release lender.

Joint Application Features

More2Life’s Capital Choice Lite Drawdown Equity Release program is offered on a single and joint life basis, with a minimum age of 55 and an upper age restriction of 95 for this lifetime mortgage.

Scheme Options

This More2Life drawdown program allows any homeowner to spend their tax-free wealth as they see fit, with no obligation to make repayments.

Repayment Options

The Voluntary Partial Repayment Option is one of the features of the More2Life Capital Choice Lite Drawdown Plan, which allows the homeowner to return up to 10% of the initial amount borrowed each year with NO penalty. This assists managers in controlling the future balance of the lifetime mortgage plan in the UK, either by reducing the roll-up impact of the interest, paying off the interest-only, or even reducing the future balance by using the maximum 10% allowed.

Inheritance Protection

Another option for inclusion in the Guaranteed Inheritance Feature allows the homeowner to secure a predetermined proportion of the property’s ultimate selling value for their beneficiaries. This is critical for individuals who want to ensure a percentage of the property value from their inheritance.


*The three-year no-early-repayment-charge period applies to joint life policies in which the loan is returned within three years of the death or long-term care of a partner.

More 2 Life's Other Equity Release Schemes

Are you looking for a specific equity release scheme?

These are some of the schemes offered by More 2 Life.

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Editorial Note: This content has been independently collected by the SovereignBoss team and is offered on a non-advised basis. SovereignBoss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.

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