Livemore Increases Maximum Loan Value and Widens Acceptance of Adverse Credit

Are you a broker or borrower looking for a later life specialist lender that offers flexibility and increased loan options? Look no further than Livemore, who has recently made some exciting changes to their core range of products.

Livemore has increased the maximum loan value across their 1, 2, and 3 ranges, as well as their debt consolidation product, from £1m to £1.25m. This means that borrowers can now access even more funds to meet their financial needs.

But that’s not all – Livemore has also expanded the types of permissible adverse credit accepted. For example, in their Livemore 4 range, borrowers can now have up to four missed payments on unsecured arrears, up from three previously. Additionally, the value of permissible satisfied county court judgments (CCJs) and defaults has increased from £1,500 to £2,500.

These changes are designed to support older borrowers aged 50-90-plus who may be facing financial challenges in today’s economy. Sam Ward, head of proposition strategy and development at Livemore, emphasized the importance of these updates in helping borrowers access the funds they need.

In addition to these changes, Livemore has also lowered their mortgage and equity release rates in some instances, making their products even more attractive to brokers and borrowers alike.

To top it off, Livemore has been expanding their team, bringing on new talent to support their growing business. With a dedicated team of professionals behind them, Livemore is well-equipped to meet the needs of brokers and borrowers in the later life lending market.

So if you’re in the market for a later life specialist lender that offers competitive rates, increased loan options, and a supportive team, look no further than Livemore. With their recent updates and commitment to supporting older borrowers, Livemore is a top choice for brokers and borrowers alike.