New boost for borrowers in later life
Later life mortgage lender LiveMore has announced a boost to its lifetime mortgage offering by increasing loan-to-value (LTV) ratios across several of its core products. The update, which takes effect from 9 am June 6, comes after what the lender described as a “hugely successful” launch of its lifetime product range earlier this year.
Under the revised terms, LTV limits for eligible customers have been raised by up to 1.75%. Customers aged 55 can now access an LTV of 24.00%, up from 22.25%. For those aged 70, the maximum LTV has been increased to 41.00%, up from 39.25%. At age 80, it now stands at 51.00%, up from 49.75%.
The LTV enhancements apply to all Standard, 5-Year Early Repayment Charge (ERC), and 6 Month Offer (Purchase) lifetime mortgage products. However, they do not extend to LiveMore’s Premier, Property+, or LTV1 tiers.
Les Pick (pictured), sales director of equity release at LiveMore, said the move underscores the company’s focus on borrower flexibility and broker support.
“We’re pleased to introduce these enhancements, which reflect our ongoing efforts to provide greater flexibility and support for later life borrowers,” Pick said. “The LTV increases will provide new opportunities for customers seeking to unlock equity. As always, we encourage brokers to use the LiveMore Mortgage Matcher® to find the most suitable solutions quickly and efficiently.”
LiveMore targets borrowers aged 50 to 90 and older, aiming to improve access to mortgage solutions in retirement. The lender’s digital tools—including the LiveMore Mortgage Matcher and an affordability calculator—are designed to help brokers identify suitable products that align with customer needs. Both are available via the company’s website.
The announcement follows recent product innovations from LiveMore, including the launch of a hybrid Part & Part mortgage combining interest-only and capital repayment, as well as a 3+2-year fixed-rate option that offers penalty-free exit after three years. The lender has also called for a broader definition of later life lending, advocating for better financial advice beyond equity release alone.
What are your thoughts on the latest announcements? Share your insights below.
