Gifting that helps prepare families for the future
The bank of family continues to grow. It's no longer just the bank of mum and dad, with borrowers looking to help their grandchildren out too. We’re can help find solutions to help borrowers help their family with capital raising and set them up for a better future.
Helping children onto the property ladder – real life example
A retiree hoped to help their kids buy their first homes, but they didn’t have the access to cash. With £300,000 needed, they wanted to ask for a loan against their home.
Even thought they were retired, they had money coming from their pension that could pay for the loan.
Where others couldn’t help, we gave them the full loan to kickstart their three kids’ journey towards owning their homes.
The result? The borrower told us “I’ve always aspired to help them onto the ladder, I’ve got assets but little cash. Raising a mortgage seemed like the obvious answer and with LiveMore’s help, I was able to do just that”.
Key Points:
- For borrowers over 40:
- Most commonly for children and grandchildren who want to buy a home
- We allow capital raising on unencumbered properties
- Capital raise available across capital repayment, interest only and equity release
- No max age at application for RIO and lifetime mortgages
LiveMore can help where other lenders can't.
Got a self-employed case? Start with our quick calculator to see what repayment options could be available for your client