LiveMore Capital has announced its return to the mortgage sector after it temporarily suspended its products due to the recent volatility in UK financial markets.
The lender said that with conditions now more settled, it is in a position to re-enter the market with fixed rate interest-only mortgages for borrowers aged 50 to over 90.
LiveMore’s products follow a four-tier structure which enables brokers to match their customers’ needs with a range of criteria. This include options for borrowers looking to consolidate debts, purchase property of non-standard construction and to remortgage.
The range currently consists of retirement interest-only and term interest-only mortgage products with maximum loan-to-values of between 60% and 75%. Rates start from 7.75% on both five and 10-year fixed rate interest-only mortgages with loan sizes between £10,000 going up to £1.5m.
“It feels great to be back lending again,” commented LiveMore CEO, Leon Diamond.
“It’s why we exist – to help people aged 50 to 90+ who are underserved by the mortgage market.
“In the current economic climate, they need us more than ever. We offer them the widest criteria in the market, some of the greatest lending amounts, and we welcome all incomes to assess affordability, including pensions or rental income.
“People need options and flexibility, which is what we’re all about. Our products are uniquely structured into four tiers to help us consider all kinds of circumstances, including complex credit histories or even past arrears. We also manually underwrite every case, so each one gets assessed on its own merits.”
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