It aims to build momentum in providing mortgages to the underserved age group
Connect for Intermediaries has become the latest distribution partner to link up with LiveMore as the lender further expands its mortgage lending for the 50- to 90-plus age group.
Currently offering interest-only fixed rate mortgages, LiveMore’s range starts at terms of five years going up to seven, 10 and 20 years, as well as fixed for life.
The later life lender, which has been in the market for two years, wants to ensure that it continues to build momentum in catering for the mortgage needs of the underserved age group.
Its new partner, Connect for Intermediaries, is a specialist network and packager with a panel of more than 170 lenders across the mainstream and specialist markets.
“Connect for Intermediaries works across the full range of specialist lending, including older borrowers so now its brokers have even more options with access to our mortgage range,” Alison Pallett (pictured), managing director of sales at LiveMore, said. “We are one of the few lenders who will consider borrowers even if they are over the age of 90.
“It is essential for us to be on the panels of strong, reputable networks and packagers like Connect for Intermediaries, and we look forward to working closely with the wonderful team there.”
Kevin Thomson, sales director at Connect for Intermediaries, said they are always keen to work with innovative lenders and that LiveMore’s proposition is unique in the mortgage market.
“Our brokers now have access to a lender who looks beyond salary for affordability and takes into account all aspects of income such as pensions and buy-to-let property,” he added. “Our brokers will appreciate this new proposition and I’m sure we will work well together.”
