LiveMore Capital Mortgages
According to LiveMore Capital traditional high street lenders often take a very narrow, and negative view, of older borrowers.
There approach is radically different looking beyond an applicant’s age and focus on more relevant financial issues. Such as their long credit history. The likelihood they’ll have income from work, pensions and investments way beyond a “traditional” retirement age.
LiveMore believe that a desire to unlock equity from a home is not irresponsible and that it can make perfect sense for all manner of reasons.
LiveMore offer a wide range of mortgages including:
Fix for Life – for those who may never need another mortgage again
With an interest only mortgage for life and no set deadline for the mortgage to be repaid.
Get a mortgage when other High Street lenders have left them high and dry
Reduce payments through consolidation of other borrowings, to help family, to improve their property or to supplement their lifestyle.
Use their property as part of their overall wealth and inheritance tax planning
Access lower interest rates and escape from “mortgage captivity”
Loan to value ratio
How much you will be able to borrow as a mortgage is likely to be influenced by a number of factors, including how much you earn.
Another important consideration is your loan to value (LTV) ratio. This shows how the amount you want to borrow relates to the market value of your property.
So, if you want to borrow £50,000 as a mortgage on a £100,000 house, your LTV would be 50%.
If you then wanted to take out a second charge mortgage for a further £25,000, this would make your LTV 75%.
The higher your LTV, the higher interest rates most lenders will tend to offer.
Find the best deals on mortgage rates
The mortgages market is diverse, with many different providers and types of mortgages to choose from.
This can make it hard to know which offers the best value for you. Our mortgage calculator takes a lot of the hard work out of the equation for you.
All you have to do is head to the top of the page and plug in some basic details, including the amount you wish to borrow, how long you want to repay over and why you need the money.
The mortgage calculator will then match your enquiry with our pick of the top deals from across the industry, making it much quicker and simpler for you to make a comparison.
Independent Mortgage Advice
What type of mortgage is right for you depends on a number of factors, including your goals and your personal circumstances.
If you are not sure what to do, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on LiveMore Capital later life mortgages as well as other lenders.