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LiveMore Mortgages
Later life mortgage lender
- 21-100 employees
- Fintech
- B2C
- B2B
- Mortgages
- Lending
- Ladbroke Grove, London, UK
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Company mission
To provide mortgage finance for people in later life, who are too often underserved by high street lenders.
Our take
Often, people over the age of 55 can fall outside typical high street lending criteria. LiveMore's Retirement Interest Only (RIO) mortgage products unlock new possibilities for this market by: increasing LTV ratios (up to 75%) and eliminating upper age restrictions, as well as simplifying the process.
RIO mortgages are effectively standard home loan deals with one key difference: the mortgage does not have a set end date and carries on until “a specified life event” is triggered – ie, the borrower’s death or the date they move into a care home. Until then, they continue to pay the interest each month and the loan is ultimately repaid from the sale of their property. These home loans appeal to people who would otherwise consider equity release products. The key difference between RIO mortgages and equity release is that RIO have monthly payments, whereas the interest on equity release mortgages rolls up and are repaid at the end, so are more expensive.
RIO mortgages are still a niche product, but are growing in popularity with the rise in older people that have the majority of wealth tied up in their homes. This gives LiveMore a large and growing market to tap into. The company recently received an impressive funding line with NatWest Markets, which will facilitate its portfolio growth and loan origination for interest-only mortgage products.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 30 days holiday (excl. bank holidays)
- Monthly company socials, and regular lunches when we’re in the office
- Blended and various locations for work (office or at home) that enable you to be at your best
- Annual company share scheme
- You can choose your laptop and extra equipment needed for you to do your best work
- Employee assistance programme
- Pension scheme with Smart Pension
- Flexible working
- Various health and wellbeing benefits - from a wellbeing studio in our office to a confidential assistance line for employees and their families
Company values
- Better together - We work collaboratively with our customers, partners, and employees
- Positive Impact - We do what we do because it makes a difference
- Champion change - We advocate for the consumer, based on our knowledge, experience, and insight we challenge the status quo
- Straight forward - We act with integrity, cultivating open and trusting relationships
Leadership
Leon Diamond
(CEO)Founding partner of Mansard Capital Management, former Head of Investments at AJ Bell.
Diversity, Equity & Inclusion at LiveMore Mortgages
Alicia McAloon (People Manager)
- One of our core values is "better together". We see our differences and diversity as a huge advantage. We get to know each other, respecting and advocating the different perspectives, insights, preferences and skills each of us has.