LiveMore increases lifetime mortgage LTVs

LiveMore has announced an enhancement to its lifetime mortgage range, introducing increased lifetime LTVs of up to 1.75%. 

For example, for customers aged 80 the LTV has increased from 49.75% to 51.00%. At age 70, it has increased from 39.25% to 41.00% LTV and at age 55, from 22.25% to 24.00% LTV. 

LiveMore is increasing LTVs across all standard, five-year ERC and six month offer (purchase) lifetime products. The enhancements do not apply to the premier, Property+ or LTV1 tiers.

Les Pick, sales director of equity release at LiveMore, said: “We’re pleased to introduce these enhancements, which reflect our ongoing efforts to provide greater flexibility and support for later life borrowers. 

"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.”

Last month, Livemore launched a new standard Part & Part mortgage which combines elements of both interest-only and capital and interest to suit a wide range of financial situations.