By working exclusively with customers age 50 – 90 plus we at LiveMore are able to design all of our products around the challenges specific to this group of people. When we ask they tell us
Age , Affordability and Interest Only
- Are the 3 most common problems when looking to access finance
- But we do things differently at LiveMore
Affordability
- No Minimum Income
- No LTI cap for like for like ,
- Common to see income multiples of 7.5 x .
- Self Employed 1 years accounts , 1 years trading , retained profits , directors loans , divis allowed after retirement ( my business is my pension )
- Assets including cash savings converted to income ( 10k can make a difference between a pass and a fail )
- Debt Con allowed up to 100% with all debts to be repaid ignored
Interest Only
- Available to 75%
- Stressed at ability to pay IO ( Not C&I )
- Sale of property allowed as repayment vehicle with no restrictions
- No Minimum income
- Some of the lowest minimum equity requirements in the market – starting at 80k ( postcode dependant )
Age
- No Max age for interest Only , RIO , and C&I .
- We can use all forms of income to retirement age 80
And
- We don’t credit score
- Satisfied CCJs / Defaults allowed up to £2500
- Above highlights just a few of the reasons why LiveMore was one of the UK s fastest growing lenders in 2024 ,
- We would love to see you register on our portal and start running some case examples through our mortgage matcher
https://livemoremortgages.com/intermediaries
If you need any help please do not hesitate to call
Darren Cunliffe
National Accounts Manager
darren.cunliffe@livemoremortgages.com
T. 07983520067