More 2 Life trusts Spinnaka to “get things right”
More 2 Life recently announced it was returning to the equity release arena and has since asked Spinnaka to help it get back on its feet. Spinnaka will help manage the company’s valuation process.
According to More 2 Life’s managing director, Paul Wilson, the company considered a number of options but picked Spinnaka because of its energy and “commitment to getting things right”.
Mr Wilson explained that equity release is becoming an increasingly important option for parents who want to release funds tied up in their homes to help out their children. Another important motivation for taking out an equity release product is to support a more comfortable lifestyle, he suggests.
The managing director has been a shift away from leaving children an inheritance after they have died in favour of seeing the benefits it can bring while they are still alive, and at a time when it is really needed.
Managing director at Spinnaka, David Gillam said: “We are delighted that More 2 Life has chosen Spinnaka to manage their valuation process. We have worked with Paul and his team for some time now and are very pleased that More 2 Life has come back into the market at this time.
“We believe that this will be the first of a number of products that the More 2 Life team will bring to the equity release market over the coming months and are really encouraged to see the increasing significance of equity release both to our business and the industry at large.”