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Two-fifths of brokers have never placed interest-only case for over-55s

Two-fifths of brokers have never placed interest-only case for over-55s
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LiveMore Capital partners with L&C Mortgages | Mortgage Introducer

LiveMore Capital has entered into a partnership with L&C Mortgages. LiveMore Capital specialises in interest-only mortgages for borrowers aged 55 and over, offering fixed rate products ranging from five years to lifetime, up to 75% loan-to-value (LTV). Through the partnership, members of L&C Mortgages will be provided with access to LiveMore Capital’s range of products. David Hollingworth, associate director at L&C Mortgages, said: “The demand from older borrowers is only likely to increase over time and we feel that retirement interest only is an important option for these customers. “LiveMore’s innovative and flexible approach will add more choice for our advisers in finding the right solutions for our customers.

LiveMore cuts rates and ups minimum LTV requirement

LiveMore cuts rates and ups minimum LTV requirement By Gary Adams 7 th April 2021 12:11 pm LiveMore has cut rates across its retirement interest-only mortgages and moved its lowest available LTV band up a notch. Now available at 60 per cent LTV, up from 50 per cent LTV, the seven-year fixed rate has been reduced from 3.95 per cent to 3.55 per cent, the 10-year fixed rate from 4.25 per cent to 3.74 per cent, and the 20-year fixed rate from 4.35 per cent to 4.05 per cent. Additionally, the lender’s five-year fixed rates now start at 3.40 per cent, down from 3.95 per cent. LiveMore adds that its lifetime fixed rate now starts at 3.90 per cent.

LiveMore tweaks rates and LTV bands | Mortgage Introducer

LiveMore has reduced its standard fixed-rates and widened its loan-to-value (LTV) bands. It has launched seven, 10 and 20-year fixed rates at 3.55%, 3.74% and 4.05% respectively and 5-year fixes now start at 3.40% with the lifetime fixed at 3.90%. Alison Pallett, director of sales at LiveMore, said: “Today is a huge day for LiveMore as with our new rates we’ll be able to help more borrowers aged over 55 who need an interest only mortgage. “We have widened our lowest rate band from 50% to 60% LTV and at 75% we can lend more than any of our competitors and we have no maximum age limit. We are also able to accept income beyond a “traditional” retirement age where it’s plausible, particularly helpful for the self-employed or business owners.”

LiveMore Capital adds Tenet to panel | Mortgage Introducer

As part of the agreement, members of LiveMore Capital will have access to the network’s facilities. Alison Pallett, director of sales at LiveMore Capital, said: “We have been working to broaden our market reach so that we can ensure we provide a greater choice of options for intermediaries to help more borrowers aged 55 and over. “The opportunity to work with Tenet Network Services gives us a fantastic platform to showcase our products and proposition. “Our market leading LTV of 75%, coupled with our fresh look at affordability, really does mean that intermediaries will be able to offer more choice to their customers”

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