LiveMore has introduced an exclusive packager offering, aiming to expand broker access to later life lending products for customers aged between 50 and 90+.
The packagers involved in this deal include Brightstar, Complete, Brilliant, TFC, and Impact.
This new offering consists of two packager products, allowing brokers to access more extensive adverse criteria than what’s found in LiveMore’s traditional range of RIO, interest-only, and capital & interest mortgages.
Notably, these products offer increased flexibility regarding CCJs and unsecured debt and present an opportunity to access 100% debt consolidation.
Despite these additional features, the products are priced the same as the standard range, ensuring no extra costs for borrowers.
Moreover, while fee-free options are available, brokers opting for a product from LiveMore’s fee range will receive a £200 discount on the standard fee.
Leon Diamond (pictured), CEO and founder of LiveMore, said: “As LiveMore continues to grow, the next step in our evolution is to expand our distribution.
“We are thrilled to broaden customer access to later life lending product by giving packagers exclusive product options that help those customers locked out from most lenders.
“The capability of packagers, with their deep expertise in understanding complex circumstances and vast distribution, is a great opportunity to reach new customer groups.”
Michael Craig, sales director at Brilliant Solutions, added: “We are really excited to have worked with LiveMore to build their packager exclusive products.
“Later life is an underserved part of the market, but we know that with an ageing demographic and a cost of living crisis, the need is greater than ever for customers to find innovative solutions to stay in their homes.
“These products will help to grow the over 50’s market and help older borrowers who have previously had very few options.”
