LiveMore has launched their new Term Interest Only (TIO) mortgage for the over 50s!
TIO allows borrowers to get an interest only loan, with terms matching their needs.
Helping customers over 50 is at the heart of what they do, so naturally, launching new products to suit these customers needs is the next step in LiveMore’s evolution. LiveMore are pleased to be able to offer more options and choices to later life borrowers.
View the full product range on their website page here
Key Highlights:
- Open to borrowers aged 50-80 years old
- 30 years maximum loan term
- Up to 65% LTV
- 55% gross proc fee upfront, plus an additional 0.13% gross every year thereafter, for up to 15 years.
With their market leading fresh approach to affordability, paired with a common-sense approach, this is just another route where LiveMore can assist your over 50s customers.
Contact LiveMore to find out how we can help your clients, or register with LiveMore here.
