More 2 Life Capital Choice Plus

Are You Considering the Capital Choice Plus 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 Plus Scheme Review

Capital Choice Plus Key Details

Type Rate APR
More 2 Life Fixed 3.29% 3.41%

Scheme Incentives

  • Cashback
  • 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 Plus, 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 Plus 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.
Find out more More 2 Life equity release plans here.
More 2 Life Capital Choice Plus

Scheme Background

Are you 55+ and craving more flexibility in equity release lending? Choose More2Life equity release, the lending specialists that offers 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 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 Plus Plan is particularly intended for homeowners seeking for a straightforward lump-sum plan, as well as a suite of flexible alternatives to help with any future lifestyle changes.

Minimum Property Valuation

This More2Life Capital Choice Plus Mortgage has a minimum property valuation of £70,000 and a maximum property valuation 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. More2Life will take both freehold and leasehold homes in England, as well as absolute ownership on the mainland of Scotland. More2Life’s leasehold conditions in England and Wales need a minimum of 80 years remaining at the time of completion.

Single vs Joint

More2Life’s Capital Choice Plus Equity Release program is offered on a single and joint life basis, with a minimum age of 60 and an upper age restriction of 75 on this lifetime mortgage.

Minimum Release

The Capital Choice plan has a minimum release of £10000 and a maximum loan of £1500000.

Scheme Features

This More2Life Capital Choice Plus plan offers a tax-free lump sum cash release that is available for immediate use. This is perfect for people who want fast access to cash in the highest amount feasible at a possibly lower interest rate than many other equity release plans on the market.

The maximum lump amount is determined by 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 loan authorized.

The shrinking protection function is another essential element of the More2Life Capital Choice Plus plan. This provision permits anyone who moves within 5 years of the loan’s commencement to return the debt in full with no penalty.

All More2Life Flexi Choice Plus models have the industry-recognized ‘No Negative Equity Guarantee.’

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 Plus 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

As members of the Equity Release Council, More2Life ensures that any beneficiaries are not burdened by debt in excess of the property’s final worth.

Joint Application Features

More2Life’s Capital Choice Plus Equity Release program is offered on a single and joint life basis, with a minimum age of 60 and an upper age restriction of 75 on this lifetime mortgage.

Scheme Options

This More2Life Capital Choice Plus Lump Sum program allows any homeowner to spend their tax-free equity however 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 Plus Plan, which allows homeowners to repay up to 10% of the original amount borrowed each year with NO penalty. This assists managers in controlling the future balance of the lifetime mortgage, either by reducing the roll-up impact of the interest, paying off the interest-only, or even reducing the future balance by utilizing the entire 10% per annual allowed.

Inheritance Protection

Another option offered is the Guaranteed Inheritance Feature, which 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.

Cashback Options

More2Life provides a variety of cashbacks as part of the Capital Choice Plus Plan Options, from which the homeowner can pick.


*The three-year no-early-repayment-charge period applies to joint life plans when the loan is repaid within three years of death or long-term care of a spouse.
**Cashback of 3% is now available on loans of above £35,000. The mentioned rate does not include the cashback incentive.

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 advisor 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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