The LiveMore vision is to help over 55’s, who they believe are underserved within the mortgage marketplace.
An LTV of 75% allows LiveMore to help more customers than ever, who have reached the end of their Interest Only mortgage term.
Through the utilisation of technology and data for their affordability calculations, LiveMore are confident that they are able to offer a sector leading service in the market.
Their Online Broker Portal also means doing business with them is simple. There are a range of unique features including the full scan and upload facility which allows seamless client and broker communication.
As a new lender it is their intention to disrupt the market, by continuous and ongoing product innovation.
LiveMore take a pragmatic view of each case and accept Grade 1, 2 & 2 star properties. They offer Retirement Interest Only mortgages that are repaid on significant life events, such as moving into full-time care or death of the last remaining borrower. They have no upper age limit and consider applicants owning a property valued at over £125,000. They also have a simple approach to ERCs.
At LiveMore Capital they believe in expert product development, hence why they currently only offer and specialise in RIO mortgages. Prior to their launch, they spent a great deal of time creating and setting up vulnerable Customer Policies, this means they’ll have an in-depth view of any potential vulnerability issues as they emerge.