LiveMore’s products for the 50 to 90+ age group are now available through specialist mortgage packager TFC Homeloans.
Brokers using TFC Homeloans can submit cases on 1APP from DIP to completion, for all lenders and products.
LiveMore currently offers retirement interest-only mortgages (RIOs) and term interest-only mortgages (TIOs) for people over the age of 50, who are often shunned by high street lenders. Fixed rates can be taken out for five, seven, 10 or 20 years and with a RIO the mortgage can be fixed for life.
Leon Diamond, CEO at LiveMore, said: “We have only been in the mortgage market for two years but we’re really gaining traction with our distribution.
“It’s important for us to have a range of distribution partners, particularly specialist packagers like TFC Homeloans who understand how underserved the 50 to 90+ mortgage market is. We can’t wait to get started working with TFC Homeloans.”
Wayne Smethurst, managing director at TFC Homeloans, added: “LiveMore is a game changing lender with its unique approach to mortgages into and beyond retirement. The flexibility of the way it handles affordability is refreshing in today’s market as it considers all income, not just salary.
“LiveMore offers wide ranging criteria, its pricing is fair and its recent shortening of early repayment charges makes its longer-term fixes attractive.”
