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LiveMore launches up to 100% debt consolidation for remortgaging 

by | May 14, 2024

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LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation range. 

The new product fulfils an identified customer need during the current cost of living crisis to both reduce payments and avoid restrictions to the maximum amount of debt they can consolidate.

‘Up to 100% Debt Consolidation’ is designed for remortgaging customers who want to consolidate over £10,000 of unsecured debts, which would make up more than 50% of the total mortgage. Using LiveMore’s flexible affordability criteria, customers may be eligible to borrow up to £1m against a broad range of properties.


This new range is applicable for a maximum loan-to-value (LTV) of 75% for retirement interest-only mortgages, 70% for standard interest-only mortgages and 85% for standard capital and interest mortgages. It applies across LiveMore’s wider range of fixed 2-year, 5-year, 5+5 year, 10-year and fixed-for-life (RIO only) rates.

‘Up to 100% Debt Consolidation’ comes with a £500 cashback paid to the customer upon completion. Customers can also benefit from free standard valuations.

Tim Wellard, senior proposition manager at LiveMore, said: “We believe that everyone should be able to live in their own house, no matter their age. The cost-of-living crisis shows no signs of abating, so we’re doing all we can to support customers, and provide more options to intermediaries.”


The decision to establish Up to 100% Debt Consolidation as a standalone range is based on the success of the February 2024 introduction of 100% debt consolidation as a more discrete addition to LiveMore 3 which now returns to its previous criteria. 

The new standalone range will make it easier for intermediaries to select the required product and present it to clients. 

LiveMore will consider people with an element of adverse credit for its Up to 100% Debt Consolidation range. It also accepts earned income up to the age of 80 years old, including self-employed with one-year accounts, as well as rental, lodger, and a range of pension incomes.


Full product details available:

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