LiveMore Capital has returned to the mortgage sector, having temporarily suspended its products due to the recent volatility in the UK currency and money markets.
The lender is now in a position to re-enter the market with fixed rate interest-only mortgages for borrowers aged 50 to 90+.
LiveMore’s products follow a four-tier structure which enables brokers to match their customers’ specific needs with a comprehensive range of criteria.
Known as the LiveMore 1, 2, 3 and 4 range, it caters for clients with straightforward requirements all the way through to more complex credit profiles. For example, these include options for borrowers looking to consolidate debts, purchase property of non-standard construction and to remortgage.
LiveMore’s range currently consists of retirement interest-only (RIO) and term interest-only (TIO) mortgage products with maximum loan-to-values of between 60% and 75%.
Rates start from 7.75% on both five and 10-year fixed rate interest-only mortgages with loan sizes between £10,000 going up to £1.5m.
Leon Diamond, CEO of LiveMore Capital, said: “It feels great to be back lending again. It’s why we exist – to help people aged 50-90+ who are underserved by the mortgage market.
“In the current economic climate, they need us more than ever. We offer them the widest criteria in the market, some of the greatest lending amounts, and we welcome all incomes to assess affordability, including pensions or rental income.
“People need options and flexibility, which is what we’re all about. Our products are uniquely structured into four tiers to help us consider all kinds of circumstances, including complex credit histories or even past arrears.
“We also manually underwrite every case, so each one gets assessed on its own merits. Whether you’re 50 or in your 90s, you know you’ll get a fair hearing with LiveMore.”
