What kind of mortgages do we offer?
Standard Capital & Interest
Pay your mortgage off each month, as well as the interest. At the end of your agreed term, you owe us nothing.
Standard Interest Only
Pay just the interest each month. You will then pay back the mortgage amount when your agreed term ends.
Retirement Interest Only (RIO)
Pay just the interest each month, with no end term. You don't need to be retired to apply for a RIO.
A type of Equity Release where you receive the mortgage as a lump sum without having to make monthly payments. You can pay interest if you want each month. If you don't, it's added to what you owe and compounds over time.
4 ways our mortgages are great aged 50-90+
1.Made for you
Depending on your circumstances, borrow up to 85% of your home's value. Stay for a few years before downsizing, or stay for the rest of your life – our products are designed to help achieve your goals.
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
If your mortgage comes with monthly payments, you have the option to take one payment break of 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.
Alternatively, you are welcome to select your own Broker.
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.
The main differences is that a Retirement Interest Only (RIO) mortgage can have no term end, meaning you may never need another mortgage. A Standard Interest Only 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.
Our Lifetime Mortgage is a type of equity release, and like a RIO, it has no specified end date.
The key difference is that a RIO has contractual monthly interest-only payments whereas a Lifetime Mortgage does not. That means with a RIO you are paying off the interest we charge each month. With a Lifetime Mortgage, we still charge this interest but it is added to the balance that you owe us and compounds over the life of the loan.
Therefore, with a RIO the amount you owe us will remain the same, whereas with a Lifetime Mortgage, it will increase over time.