"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."
LiveMore has launched an exclusive packager proposition designed to further broaden broker access to later life lending products.
The packagers LiveMore is working with in this exclusive deal are Brightstar, Complete, Brilliant, TFC and Impact.
There are two new packager products which will give brokers access to deeper adverse criteria than LiveMore’s standard product range of RIO, interest-only and capital & interest mortgages.
The features include more flexibility on CCJs, unsecured debt and the ability to access 100% debt consolidation.
These products are priced the same as the standard range, therefore there is no additional cost to the borrower to access the enhanced credit criteria.
There are fee-free options but if brokers choose a product from LiveMore’s fee range they will benefit from a £200 discount on the standard fee.
Leon Diamond, 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, commented: "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."
