Horizon products will transfer to more2life’s range from 7 July 2025.

47% of homeowners aged 75+ have downsized in the last five years

The South East holds 22.5% of England’s available park homes.

The new product allows borrowing up to 80% LTV, with a maximum of 75% on interest-only and 5% on capital and interest.

The funding enabled the client to refinance its original development facility while allowing time to execute a dual-track strategy of unit sales and long-term lettings.

Both homes are anticipated to open in early 2026 and will deliver 169 beds to an area experiencing a chronic shortfall of high-quality, new purpose-built care homes.

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The later life mortgage lender has also announced that July’s ‘limited edition’ rate cut to two-year fixes is now permanent.

The lender has also expanded the amount and types of permissible adverse credit allowed.