LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new, up to 100%, standalone debt consolidation range.
‘Up to 100% Debt Consolidation’ was designed for remortgaging customers who want to consolidate over £10,000 of unsecured debts, which would make up more than 50% of the total mortgage.
Using LiveMore’s flexible affordability criteria, customers may be eligible to borrow up to £1m against a broad range of properties.
This new range is applicable for a maximum loan-to-value (LTV) of 75% for retirement interest-only mortgages, 70% for standard interest-only mortgages and 85% for standard capital and interest mortgages.
It applies across LiveMore’s wider range of fixed 2-year, 5-year, 5+5 year, 10-year and fixed-for-life (RIO only) rates.
‘Up to 100% Debt Consolidation’ also comes with a £500 cashback paid to the customer upon completion. Customers can also benefit from free standard valuations.
Tim Wellard, senior proposition manager at LiveMore, said: “We believe that everyone should be able to live in their own house, no matter their age.
“The cost-of-living crisis shows no signs of abating, so we’re doing all we can to support customers, and provide more options to intermediaries.”
