Legal & General Mortgage Club has announced the addition of LiveMore Capital to its panel.

LiveMore provides a range of retirement interest only mortgages (RIOs), from short-term five and seven-year loans through to lifetime fixed rate options.

The provider said it is focused on simplifying lending in the later life space and that it is harnessing technology with the aim of making its customer journey smooth and efficient.

There are now more than 90 lenders on L&G Mortgage Club’s panel, with LiveMore’s addition following two other retirement lenders, Just and Canada Life, which joined in August.

L&G Mortgage Club head of lender relationships, Danny Belton, commented: “We’re continuing to grow our lender panel at L&G Mortgage Club, expanding our later life lending offering to advisers, and we are thrilled to now welcome LiveMore onboard.

“The LiveMore team offers a range of interest only solutions that provide more choice for the UK’s over-55s and the advisers that support these borrowers. We look forward to working closely with LiveMore as we continue to offer our club members a wide range of options in the retirement lending space.”

LiveMore director of sales, Alison Pallett, added: “We are excited to partner with L&G and look forward to working closely with their members. As we continue to widen our distribution, it is clear that we are able to offer more choice for this underserved part of the market. We’re confident we will continue to help more customers and add real value.”

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