The company says the new funding facility will enable it to increase loan originations and grow its portfolio as it looks to accelerate its growth. It also plans to expand its product offerings to include retirement interest-only mortgages, term mortgages (both interest-only and repayment) and equity release offerings.
Launched in 2020 and regulated by the UK’s Financial Conduct Authority (FCA), LiveMore offers mortgage solutions for the “often forgotten” 50 to 90+ age group. It says it aims to “provide the right outcome for older customers and allow borrowers to stay in their homes for longer”.
