4 ways our mortgages are great aged 50-90+
1.You're in control
Borrow up to 85% of your home's value. Stay for a few years before downsizing, or stay for the rest of your life. You can also pay an extra 10% each year if you want, without charges.
2.We love properties with character
Found your dream home or remortgaging? We consider property types that lenders often won't including listed buildings, flat rooves and many more.
3.Help to deal with life's surprises
Each mortgage comes with the option of one payment break for up to six months to get back on track after a major life event.
4.Easy, fast application
If you wish to apply, we help at every step through our clear process together with your trusted adviser.
What next? Chat with our friendly team
Have an informal chat with one of our LiveMore team of experts, at a time that’s convenient for you, and we’ll answer any questions you have or help you to apply.
And don't worry, it's a no obligation chat that won't affect your credit score or anything like that.
Or find out how much you could borrow
Use our simple tool to get a rough idea what we can lend you.
We currently consider lending on properties located anywhere throughout England and Wales and mainland Scotland.
No – despite the name, you can apply for one if you're working, retired, or a bit of both.
A Retirement Interest Only (RIO) mortgage can have no term end, meaning you may never need another mortgage. A Term Interest Only (TIO) mortgage has a set term that must end by the age of 80.
If you have a Capital & Interest (C&I) mortgage, you pay the capital off each month with interest. At the end of your agreed mortgage term, you will owe us nothing.
If you have a Term Interest Only (TIO) mortgage, you make monthly Interest Only payments for the duration of the specified term (or up until the eldest borrower's 80th birthday). You must have a capital repayment plan in place showing sufficient funds to repay the remaining mortgage at the end of the term (typically via the sale of your property or by using investments or other assets).
If you have a Retirement Interest Only (RIO) mortgage, the mortgage is repaid from the sale of your home.
Also, with any of our mortgages, you can overpay 10% of the capital each year without charges.
Not if you take out one of our Retirement Interest Only mortgages without an end date, as with these loans there is no obligation to pay back the original loan at a set point in the future, however with other loans there will be.
No – we understand incomes can become more diverse as you get older. That's why we welcome all forms of income including pensions, rental, self-employed and many more.
We will always consider applicants with a less than perfect track record, for example relating to credit history. Just give us a call to talk about your circumstances and we'll go from there.