LiveMore Capital has announced a new partnership with specialist mortgage packager, TFC Homeloans.
The specialist lender’s solutions for the over-50s are now available through TFC Homeloans, and brokers using the packager firm can now submit cases on its lender platform, 1APP, from a decision-in-principle through to completion.
LiveMore currently offers retirement interest-only mortgages (RIOs) and term interest-only mortgages (TIOs) for people over the age of 50 that have been turned away by high street lenders. Fixed rates on LiveMore products can be taken out for five, seven, 10 or 20 years and with a RIO the mortgage can be fixed for life.
“We have only been in the mortgage market for two years but we’re really gaining traction with our distribution,” said LiveMore CEO, Leon Diamond.
“It’s important for us to have a range of distribution partners, particularly specialist packagers like TFC Homeloans who understand how underserved the 50 to 90+ mortgage market is. We can’t wait to get started working with TFC Homeloans.”
Managing director at TFC Homeloans, Wayne Smethurst, added: “LiveMore is a game changing lender with its unique approach to mortgages into and beyond retirement. The flexibility of the way it handles affordability is refreshing in today’s market as it considers all income, not just salary.
“LiveMore offers wide ranging criteria, its pricing is fair and its recent shortening of early repayment charges makes its longer-term fixes attractive.”
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