Intermediaries tell us of three common barriers to accessing finance for the over 50s: Affordability, Interest Only, and Age.
But we do things differently at LiveMore, let’s start with…
- No Minimum Income
- No Loan to Income (LTI) cap for like for like mortgages
- Common to see income multiples of 7.5x
- Self Employed 1 year’s accounts, 1 year’s trading, retained profits, director’s loans, dividends allowed after retirement (my business is my pension)
- Assets including cash savings converted to income (£10k can make the difference between a pass and a fail)
- Debt Consolidation allowed up to 100%
To start saying #MoreYes to more clients over 50, try your client cases with LiveMore Mortgage Matcher®.
For any questions, get in touch:
- Call 020 4525 7754
- Email sales@livemoremortgages.com
- Contact your local business development manager.
- Website click to visit