Connect for Intermediaries and LiveMore Capital have announced a new distribution partnership.
The move expands LiveMore’s distribution as it continues to lend to the 50 to 90 and above age group.
LiveMore has now been in the market for two years and stated that it is “building momentum” to cater for the mortgage needs of the “underserved age group”. The lender currently offers interest-only fixed rate mortgages and its range starts at terms of five years going up to seven, 10 and 20 years, as well as fixed for life.
Connect for Intermediaries is a specialist network, packager and referral partner with a panel of more than 170 lenders across the mainstream and specialist markets.
Managing director of sales at LiveMore, Alison Pallett, commented: “Connect for Intermediaries works across the full range of specialist lending including older borrowers so now its brokers have even more options with access to our mortgage range. We are one of the few lenders who will consider borrowers even if they are over the age of 90.
“It is essential for us to be on the panels of strong, reputable networks and packagers like Connect for Intermediaries and we look forward to working closely with the wonderful team there.”
Connect for Intermediaries sales director, Kevin Thomson, added: “We are always keen to work with new, innovative lenders and LiveMore’s proposition is unique in the mortgage market.
“Our brokers now have access to a lender who looks beyond salary for affordability and takes into account all aspects of income such as pensions and buy-to-let property. Our brokers will appreciate this new proposition and I’m sure we will work well together.”
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