ERS has added specialist RIO mortgage provider LiveMore Capital to its panel of lenders.
Equity Release Supermarket (ERS) has added specialist retirement interest only (RIO) mortgage provider LiveMore Capital to its panel of lenders.
Mark Gregory (pictured), founder and CEO of ERS, said: “We are continually expanding our products and services in order to bring flexible solutions to our advisers and clients, and with the addition of LiveMore to our list of lenders, this presents a different and innovative approach to RIOs.
“LiveMore share our creative ethos and desire to do things differently, helping customers to fulfil their later life aspirations by providing more options in retirement.
"Their combination of lending up to 75% loan-to-value (LTV) allowing for greater borrowing power, along with their use of technology and data to support assessments of affordability, will be advantageous to our customers.
“Our customers are always central to everything we do at Equity Release Supermarket, so we’re incredibly excited to be working with LiveMore, to bring more choice and to develop the market further as a whole together.”
He added: “Central to our success has been openness and transparency.
"We passionately believe that customers should have as much information and access to tools that can help them to research and gain confidence.
“LiveMore share this ideal and together we hope to provide greater accessibility within the market to resolve this issue, placing more control with the customer.
“We look forward to working with LiveMore and what’s to come.”
Alison Pallett, director of sales at LiveMore, said: “We are delighted to partner with Equity Release Supermarket and look forward to helping them as we bring them a flexible approach to affordability, with a particular niche around the self-employed and business owners, who have sometimes been left under-served.”