Specialist lender, LiveMore, have launched their new Term Interest Only (TIO) mortgage for the over 50s. This product allows borrowers to get an interest only loan, with a term that matches their needs

Helping more customers over the age of 50 is LiveMore’s mission and launching a new product that adds to this is the next logical step in their journey of offering more options and more choice.

Alison Pallett, LiveMore’s MD of Sales, says: “We have listened closely to our intermediaries, and we’re excited to be launching this enhancement in direct response to their requests, reacting quickly to meet the needs of them and their customers”.

Borrow up to 65% LTV

Open to borrowers aged 50 to 80 years old

30 years maximum loan term

0.55% gross proc fee upfront, plus an additional 0.13% gross every year thereafter, for up to a maximum of 15 years.

With LiveMore’s market leading fresh approach to affordability, focusing on more relevant financial issues, it means that this is just another route whereby they can assist your over to customers in living their later life to the full