What’s changing?
- There’s no longer a maximum age across our range of Standard Capital & Interest and Standard Interest Only mortgages. Previously, the limits were set at 85 and 80 years, respectively.
We’ve increased the maximum mortgage term:
- From 30 to 40 years on Standard Interest Only
- From 35 to 40 years on Standard Capital & Interest
Reminder…
Standard and Retirement Interest Only (RIO) mortgages:
- For sole applicants minimum age is 50 years
- For joint applications, if one applicant is aged 50 years or older, the second applicant can be a minimum of 45 years old.
The changes are part of LiveMore’s mission to give borrowers in the 50 to 90 plus age group more choice and inclusivity in the mortgage market. LiveMore’s entire range now has no maximum age limit including its Retirement Interest-Only (RIO) and Lifetime (equity release) mortgages.
We have no minimum income requirement on interest-only mortgages, but minimum equity rules do apply.
For any questions please get in touch
- 020 4525 7754
- sales@livemoremortgages.com
- Contact your local business development manager