LiveMore, which lends to people aged 50 to 90+, has widened its existing criteria to offer intermediaries and their clients access to 100% debt consolidation on mortgages of up to £1m.

The new debt consolidation product is available on LiveMore’s maximum loan to value (LTV) mortgage products, including Standard Interest Only (70% LTV), Retirement Interest Only (75% LTV) and Standard Capital and Interest (85% LTV). There is no loan-to-income (LTI) cap.

LiveMore continues to consider adverse credit, including mortgage and unsecured arrears as well as county court judgements (CCJs) and defaults.

The company also accepts earned income up to the age of 80 years old, including self-employed one-year accounts, as well as rental income and most types of pensions.

Tim Wellard, product manager at LiveMore, said: “This new debt consolidation feature should help ease the pressure for many older borrowers, especially as the cost-of-living continues to bite and the number of mortgage prisoners escalates.

“LiveMore is founded on the belief that everyone who can afford a mortgage should be able to live and remain in their own homes for as long as they want to – whether they’re 53 or 103 years old.”