More 2 Life has now more than £2 billion worth of loans under management, doubling its total loan size in a year.
It reached the milestone of £1 billion worth of loans managed in July 2017 and now the business has reached £2 billion worth of equity release loans.
The equity release lender expects to receive around £1bn in new loan applications this year. rked hard to lead the way on within the sector – has driven this growth.
Dave Harris, CEO at More 2 Life, said: “Having reached the £1billion mark last year we set our targets high for 2018. To have £2billion worth of loans under management, just over 12 months after reaching the £1 billion is a phenomenal achievement even in the current growing market and has been achieved through a combination of new lending plus the acquisition of back-books we are now servicing on behalf of third parties.
“We are committed to innovation and will continue to develop new products and offer access to enhanced technologies to provide a high quality level of products and support advisers.
“With this in mind we have recently launched Capital Choice Drawdown, which adds additional features to our popular Capital Choice plan and refreshed our adviser portal aptly called ‘fastpath’ to further assist advisers and widen the product choice for clients.”