The lender has also holding rates across the range.

The new criteria enhancements cover residential and buy-to-let applications.

The improvement enables customers to purchase a property below market value. 

Ben Waugh, managing director of more2life, says a revolution has begun and is continuing in the later life lending product space.

The lender now has six BDMs across England and Wales.

20% say a fluctuating income means they’ve had to push back their property ownership ambitions.

The report shows an increase in the positive sentiment clients have on their experience with their adviser.

Matthew has held previous roles at Barclays, Hampshire Trust Bank and Atelier.

Consumer buy-to-let, regulated bridging loans and all standard variable rate products remain unchanged. 

The lenders are reducing their variable rates by more than the Bank of England's recent 0.25% rate cut.