Large loan cases for borrowers over 50
When you have an older client who needs a larger loan, LiveMore can help, especially when the borrower has a unique property or a trust.
£1.2m loan for a 70 year old
A borrower was going through a divorce and needed to raise capital as part of the settlement and for some home improvements.
Because of LiveMore's approach to income, we were able to consider a SIPP pension in addition to state pension.
We were able to loan £1.2m a 37.5% LTV on a 5 year interest only deal, getting the client from application to offer in 8 days.
Key Points:
- For borrowers over 50:
- Exclusive Premier product available up to £2m (please enquire)
- Standard product up to £1m
- Available on unique properties (non-standard construction, near to commercial and annexes)
- Trusts accepted
LiveMore can help where other lenders can't.
Got an older client that needs a large loan? Start with our quick calculator to see what repayment options could be available for your client