TMA Club adds LiveMore to lifetime mortgage panel

TMA Club has announced it is adding LiveMore Capital to its lifetime mortgage panel.

The retirement interest-only (RIO) mortgages provider is the seventh later life lender to join TMA, as the club continues to enhance its proposition for advisers with older clients.
 
TMA members will have immediate access to a variety of interest-only products for clients over the age of 55. Solutions are available with a wide range of fixed interest rates that offer short-term, long-term and lifetime options to customers of TMA advisers.

Other highlights for TMA advisers include loan-to-values (LTVs) available up to 75%, a minimum loan amount available at £10,000 and maximum at £1.25m, as well as no early repayment charges applying if a client redeems the loan earlier than expected due to death of a partner, or moving into long-term care.
 
“Enhancing our later life lending proposition continues to be a key focus for us which is why we are delighted to welcome LiveMore to our lender panel,” commented TMA development director, Lisa Martin. 

“For advisers who are approached by older customers looking to draw on extra funds, particularly if they’ve been financially impacted by COVID-19, bringing LiveMore on board will enable them to offer clients a more extensive range of lending solutions to suit their needs.”

The inclusion in TMA's lifetime mortgage panel follows LiveMore's addition to the MCI Club's panel that was announced earlier today.

LiveMore sales director, Alison Pallett, added: “Our number one priority is ensuring that older borrowers have choice when it comes to their lending options, particularly when the high street cannot help.

“This is why at LiveMore we are committed to offering a range of RIO mortgages to support a variety of homeowners in later life looking to fund their lifestyles. We look forward to working with TMA to ensure that advisers have a greater variety of solutions in order to support older clients and, as such, we hope that today’s partnership will be welcomed by the club’s members.”

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