It provides more brokers with access to two new packager products
In a move to further increase broker access to its later life lending products, LiveMore has secured an exclusive deal with packagers Brightstar, Complete, Brilliant, TFC, and Impact.
As part of the deal, the later life lender is providing more brokers access to two new packager products with deeper adverse criteria than LiveMore’s standard product range of retirement interest-only (RIO), interest-only, and capital and interest mortgages.
The features of the new products include more flexibility on county court judgments (CCJs), unsecured debt, and the ability to access 100% debt consolidation.
These products are priced the same as the standard range, so there is no additional cost to the borrower to access the enhanced credit criteria. There are also fee free options, but products from LiveMore’s fee range come with a £200 discount on the standard fee.
“As LiveMore continues to grow, the next step in our evolution is to expand our distribution,” stated Leon Diamond (pictured), chief executive and founder of LiveMore. “We are thrilled to broaden customer access to later life lending products by giving packagers exclusive product options that help those customers locked out from most lenders.
“The capability of packagers, with their deep expertise in understanding complex circumstances and vast distribution, is a great opportunity to reach new customer groups.”
Michael Craig, sales director at Brilliant Solutions, said it was excited to work with LiveMore to build their packager exclusive products.
“Later life is an underserved part of the market, but we know that with an ageing demographic and a cost-of-living crisis, the need is greater than ever for customers to find innovative solutions to stay in their homes,” Craig added.
“These products will help to grow the over-50s market and help older borrowers who have previously had very few options.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
