Debt consolidation cases for borrowers over 50

LiveMore can help borrowers who are looking to consolidate their debts, using up to 50% of the loan to pay off debts or the entire loan.

A further option is to pay off debts up to 100% of the loan via our Up To 100% Debt Consolidation product or when placed through our packager exclusives.

Reducing monthly outgoings by £920 a month

A couple were coming to the end of their mortgage term with their high street bank and were looking to refinance.

They had built up a lot of debt over the last five years and were worried about their affordability given the increased cost of servicing their credit cards and their mortgage payments.

Both borrowers had good income and pension arrangements and wanted to stay in their home long-term.

We were able to help them refinance their mortgage to interest only, clear all their credit card debt and reduce their monthly outgoings by £920 per calendar month.

Key Points:

  • For borrowers over 50:
    • Up to 100% of the loan can be used for debt consolidation (50% with standard products, 100% on our Up To 100% Debt consolidation product or our packager exclusives)
    • Up to 85% LTV

Where else can LiveMore help?

Adverse credit

Complex income

Debt consolidation

Gifting and helping others

Home improvements

Large loans

Self-employed

Unique properties

LiveMore can help where other lenders can't.

Got a client that needs to consolidate debt? Start with our quick calculator to see what repayment options could be available for your client