LiveMore has completed its second social bond securitisation, with a £215 million transaction that provides funding for its later life lending products.
The specialist mortgage provider, which serves customers aged 50 to over 90, is one of the few in the UK focused exclusively on later life lending.
Through its Social Bond Framework, LiveMore connects capital markets with borrowers typically underserved by high street lenders, offering products such as Retirement Interest-Only (RIO) mortgages that allow homeowners to remain in their properties without a fixed repayment date.
The transaction, Exmoor Funding 2025-1, was structured in line with the International Capital Market Association’s principles for social bonds and received a Second Party Opinion from ISS ESG, confirming its focus on advancing financial inclusion.
It is believed to be the only UK securitisation of RIO mortgages currently in the market.
“Social impact isn’t an add-on — it’s our starting point,” said Simon Webb (pictured), managing director of finance and capital markets at LiveMore.
“We’re proud to offer one of the UK’s very few social bond RMBS transactions, showing that our purpose, responsible lending and responsible investing can go hand in hand.”
The notes were rated by both S&P and Moody’s and met criteria for Simple, Transparent and Standardised (STS) securitisation under both UK and EU regulations. The deal attracted strong investor demand, with its ESG credentials forming a key part of its appeal.
LiveMore launched its first social bond securitisation in 2024, and the company says it remains committed to expanding access to home finance for older borrowers – particularly those who rely on property wealth as a means of funding their retirement amid rising longevity and changing work patterns.
