LiveMore are a specialist mortgage lender who launched in 2020. They are already established as a significant lender in the Later Life market by developing a range of Retirement Interest Only (RIO) mortgages for homeowners over the age of 50.
LiveMore have carefully researched and gained an understanding of people’s income and spending habits through retirement. These new affordability measures means that LiveMore are able to tailor their mortgage lending accordingly and more flexibly than traditional high street lenders.
By simplifying the application process, LiveMore are gaining a growing reputation as a specialist Retirement Interest Only Mortgage lender.
The LiveMore RIO mortgage helps borrowers make monthly interest-only payments on a loan which runs over their lifetime and only requires repayment upon death or them moving into care. Therefore, the repayment vehicle permitted under this RIO mortgage is the sale of the property itself.