Unlock More of Your Home's Value
If you’re 55 or over and thinking about how your home could help fund your retirement, you might be interested in a new offer from LiveMore. Their Lifetime Mortgage now allows you to borrow up to 51.5% of your home’s value, depending on your age.
This is one of the highest loan-to-value (LTV) amounts available, giving you more flexibility to enjoy your later years – whether that means boosting your retirement income, helping family, or funding home improvements.
Why equity release?
Over the past year, UK house prices have increased, meaning many homeowners now have more equity in their homes. A Lifetime Mortgage lets you unlock some of this value without selling or moving out.
What is a Lifetime Mortgage?
A Lifetime Mortgage is a type of equity release. It lets you borrow a lump sum or take smaller amounts over time, all while staying in your home. You don’t have to make any monthly repayments unless you want to. The loan, plus interest, is usually paid back when you move into long-term care or pass away.
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Key Features of Livermore’s Lifetime Mortgage:
- High LTV – up to 51.5% for customers aged 80 and over
- No affordability checks – your income isn’t assessed
- No required monthly payments – unless you choose to make them
- Free property valuation – for homes valued up to £2 million
- Downsizing protection – repay early without an early repayment charge if you move to a smaller home that doesn’t meet the lenders criteria
- No negative equity guarantee – your estate will never owe more than your home is worth
- Partial repayments allowed – repay up to 10–15% each year without penalty
- Compassionate terms – no early repayment charges if the loan is repaid after the first borrower passes away or moves into care
These features make it a flexible and secure option for many homeowners looking to improve their retirement finances.
What are the risks?
While there are many benefits, equity release isn’t the right choice for everyone. Here are some important things to consider:
- It will reduce the amount you can leave as inheritance
- The loan and interest grow over time via compound interest – especially if you don’t make any repayments
- There may be early repayment charges in certain situations
- It could affect your entitlement to state benefits
How Retirement Solutions can help
At Retirement Solutions, we work with a wide range of providers, including LiveMore. Our advisers are qualified, experienced, and always on your side. We’ll explain all your options in plain English and help you decide what’s best for your situation.
Find out how much you could release
Call us today or use our online calculator to see what you could borrow with a LiveMore Lifetime Mortgage.
