£215 million deal aims to support older borrowers amid rising demand for RIO products
Later life mortgage lender LiveMore has completed a £215 million social bond securitisation, aimed at increasing access to home loans for older homeowners and aligning with growing investor interest in ESG-focused products.
This is the second transaction under the lender’s Social Bond Framework, which directs capital toward financial inclusion and retirement security for borrowers underserved by mainstream lenders.
“Social impact isn’t an add-on — it’s our starting point,” said Simon Webb (pictured), managing director of finance and capital markets at LiveMore. “We’re proud to offer one of the UK’s very few social bond RMBS transactions, showing that our purpose, responsible lending and responsible investing can go hand in hand.”
The securitisation, named Exmoor Funding 2025-1, complies with the International Capital Market Association’s social bond principles and has been reviewed by ISS ESG, which provided a Second Party Opinion validating its social impact claims.
LiveMore claims be the only UK lender currently securitising retirement interest-only (RIO) mortgages. These loans, which have no set repayment date, are designed for older borrowers who wish to remain in their homes longer and access equity in retirement. Demand for such products has grown as more people rely on property wealth to support later life finances.
The deal, rated by both S&P and Moody’s, attracted strong investor interest and qualifies under UK and EU rules as a Simple, Transparent and Standardised (STS) securitisation.
LiveMore focuses exclusively on the later life segment and recently earned recognition in the sector, including awards for Best Retirement Interest-Only Provider and Best Later Life Lender.
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