Livemore, helping the borrowers’ other lenders can’t reach

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.

LiveMore are a team of leading experts with specialist skills in mortgage finance and innovative tech, who have created a portfolio of interest-only mortgage products exclusively for those over 50. These defined terms (TIO) and open-ended terms (RIO) offer fixed interest rates for periods ranging from 5 years up to Fix for Life.

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.

 

Key highlights include:

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.

WHY CHOOSE LIVEMORE?

  • Mortgages made easy
    • Interest Only mortgages up to 75% LTV
    • Available on Purchase, Remortgage & Capital Raise on unencumbered properties
    • Defined Term (TIO) or Open-ended Term (TIO) options
    • No max age (RIO)
  • Fresh look at affordability
    • Holistic and flexible approach to affordability – no income multiples
    • No cap on employed / self-employed income
    • All income / assets / savings considered
    • Flexible options to solve 1st death stress on a RIO, including term assurance.
  • What you customers really need
    • Product terms from 5 years to fixed for life
    • No early repayment charges in the event of death / long term care
    • Payment break of up to 6months available in event of borrowers’ death or major life event
  • Retirement experts
    • Only lender specialising in Interest Only mortgages for the over 50s
    • Practical broker tools to support sales – maximum borrowing calculator, ESIS generator
    • Straightforward online mortgage application system
  • Earn while you support
    • For every annual customer care call completed, we will pay 0.13% gross (in addition to the 0.55% gross paid after completion) and we will do this for 15years after completion.
    • Our unique to the market Ongoing Care Fee helps you proactively identify borrowers who may become vulnerable in the future.

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 50 customers in living their later life to the full.

To find out more, either call them on 0203 0114 991 or email sales@livemorecapital.com.