Invest in the LiveMore Bond

LiveMore is an innovative mortgage lender giving a lifeline to people aged 50-90+. Investing in a bond will help more LiveMore customers to keep living the life they love.

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Invest in the LiveMore Bond

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THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY US PERSONS, AS DEFINED IN REGULATION S PROMULGATED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “US SECURITIES ACT”) OR TO PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION (COLLECTIVELY, THE “RESTRICTED JURISDICTIONS”).


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The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities directly or indirectly to US persons, as defined in Regulation S promulgated under the US Securities Act of 1933 or in a Restricted Jurisdiction. The securities referred to herein have not been, and will not be, registered under the US Securities Act or any state Securities law, and the securities may not be sold in the United States or to, or for the account or benefit of, US persons, absent registration or an exemption from registration under the US Securities Act. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States. There will be no public offer of securities in the United States.


The materials are only addressed to and directed at persons in member states of the European Economic Area who are “qualified investors” within the meaning of Article 2(1)(e) of the EU Prospectus Regulation (“Qualified Investors”). This communication is not an advertisement for the purposes of applicable measures implementing the EU Prospectus Regulation. In accordance with the requirements of Directive 2014/65/EU, the information contained in this communication is addressed exclusively to eligible and professional counterparties, regardless of the distribution channels.
The materials are only addressed to and directed at persons within the United Kingdom who are (A) "qualified investors" within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129) as it forms part of retained EU law as defined in the EU (Withdrawal) Act 2018 and (B) either (a) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”), (b) high net worth companies, (c) other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, or persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of Financial Services and Markets Act 2000, as amended ("FSMA")) may otherwise be lawfully communicated or caused to be communicated (all such persons in (a) to (d) above together being referred to as “relevant persons”).


Any investment or investment activity to which the materials relate is available only to persons who are a qualified investor and a relevant person in the United Kingdom and/or a Qualified Investors in any member state of the European Economic Area, and will only be engaged with such persons.


If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into a Restricted Jurisdiction. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from a Restricted Jurisdiction.

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Access to electronic versions of these materials is being made available on this webpage by LiveMore in good faith and for information purposes only. Any person seeking access to this webpage represents and warrants to LiveMore that they are doing so for information purposes only. Making press announcements and other documents available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy securities in LiveMore Further, it does not constitute a recommendation by LiveMore or any other party to sell or buy securities in LiveMore
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By clicking on the “I AGREE” button, (a) I warrant that (i) I am not a US Person, as defined in Regulation S promulgated under the US Securities Act or acting on behalf of a US person, or purchasing with a view to re-sale in the United States or to or for the account or benefit of a US Person, (ii) I am not resident or located in a Restricted Jurisdiction and (iii) if I am a person (x) located in a member state of the European Economic Area, I am a Qualified Investor, and (y) located in the United Kingdom, I am a relevant person, and (b) I agree that I will not transmit or otherwise send any materials contained in this website to any person in a Restricted Jurisdiction.


I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. By clicking on the “I AGREE” button, I confirm that I am permitted to proceed to electronic versions of the materials.

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Solving a problem faced by millions in the UK

LiveMore was founded in 2020 to solve a problem many in the UK encounter when they reach 50: not having access to the mortgage options they need and deserve.

While most lenders won’t help them, LiveMore mortgages are designed specifically for people aged 50-90+. At LiveMore, these hard-working people are celebrated rather than penalised for common things like having multiple income streams, or a non-standard property.

“I have spent the last 3 years worrying about what I was going to do after my mortgage came to an end, especially due to my age. It's like a huge cloud has been lifted off my shoulders straight away.”

Mr. Higginson - Retired

Livemore Customer Quote

More about the LiveMore Mortgage Bond

LiveMore provide mortgages to the 50-90+ demographic and do so within a Social Bond Framework that is aligned with the ICMA Social Bond Principles under SDG 10 category, to help improve financial inclusion for ageing populations, reducing inequalities and making later life lending more suitable.

The bond is issued by S1 Series DAC, an Irish Section 110 tax status company owned via a charitable trust structure in order to render it remote from insolvency. As the issuer of the bonds, S1 will lend to LiveMore Funding SPV under a secured loan agreement.

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LiveMore Mortgage Bond issuance summary (USD)

  1. Listed on a European MTF exchange
  2. Initial coupon of 10.25% in the first year
  3. Floating rate of 5.75% above the 5 year US treasury
  4. Coupon rate floor of 9.5% and a 12% cap
  5. USD denominated
  6. 4-year term with maturity in 2027
  7. Centrally cleared - Euroclear / Clearstream
  8. High grade counterparties
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LiveMore Mortgage Bond issuance summary (GBP)

  1. BOE base rate + 5.25%, margin i.e. first coupon 10.50% p.a. (pro-rata)
  2. 4 year term from issue date i.e. Jan 2028
  3. Cap 12%
  4. Floor 10%
  5. First coupon July 2024 (after 6 months)
  6. Quarterly coupon from July 2024 onwards
  7. Issue size £40m
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With our support for sustainable housing and our commitment to become a carbon-negative business, we reflect the environmental priorities of our employees and customers. And our lending practices meet the very highest market standards, so that our borrowers are always protected.

Find out more about our ESG policy here.

Disclaimer: The information presented here does not constitute investment advice or a recommendation, and is not an invitation to invest. Nothing in this document is intended to nor will create any binding obligation on anyone. Applications should only be made on the basis of the Series Memorandum and Programme Information Memorandum which are available from authorised distributors. Prospective investors should be capable of evaluating the risks and merits associated with this investment and have sufficient resources to bear any losses. This investment is intended to be held by the investor for the full investment term of 4 years. Whilst a secondary market may exist, there is no guarantee of a purchaser. Liquidity may therefore be limited and should not be relied on when choosing this investment. Investment in the Bonds involves risk to your capital. If you suffer a loss, you are not entitled to compensation from the Financial Services Compensation Scheme. Neither LiveMore Investments Limited nor S1 Series DAC are regulated or authorised by the Central Bank of Ireland. Investing in the Bonds involves risks, including loss of capital and illiquidity and it should be done only as part of a diversified portfolio. This fact sheet does not constitute an offer or solicitation with respect to the purchase or sale, investment or subscription in any security and neither this fact sheet nor anything contained therein or the information to which it refers shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. In order to invest in the Bonds, you must confirm yourself to be a person (i) if in the United Kingdom (A) who has professional experience in matters relating to investments and fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the FPO) and/ or (B) who are persons falling within Article 49(2)(a) to (d) of the FPO (all such persons falling within (A) and (B) together being a relevant person”); or (ii) in a member state of the European Economic Area who is a “qualified investor” within the meaning of Article 2(1)(e) of the EU Prospectus Regulation. If contrary to the above you are not a relevant person or a qualified investor but you are in receipt of this Investment Memorandum, then you must seek suitable financial advice before investing, to ascertain and understand the full risks and terms associated with any investment. Any investment in the Bonds is only available to, and will be engaged in with, relevant persons. You are strongly recommended to seek independent financial and legal advice before making an investment decision.