Tag: LiveMore
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Securing a Mortgage at 65 – A Guide for Older Homebuyers
Are you over 60 and dreaming of buying your own home? You’re not alone. Many older individuals wonder if they can secure a mortgage, especially if they’re nearing or past retirement age. The Daily Mail looked at the case of a 65-year-old who has been renting for years and recently received an inheritance. With an…
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LiveMore Slashes Mortgage Rates for Over-50s
LiveMore, a mortgage lender specialising in customers aged 50 to 90+, has announced significant cuts to its mortgage rates across the board. This recent development follows on the heels of rate reductions they implemented back in December. The cuts are substantial, with reductions reaching up to 0.71%. This means a lot for those looking to…
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Good News for Over-50s – LiveMore Slashes Lifetime Mortgage Rates
LiveMore has made a major announcement: a significant reduction in later life mortgage rates across all its products, by as much as 0.29%. This decision comes at a time when confidence in the housing market is showing signs of improvement, a sentiment echoed by Tim Wellard, the product manager at LiveMore. What Does This Mean…
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Over-50s Hit Hard by Cost of Living Crisis
The cost of living crisis in the UK is taking a heavy toll, particularly on those aged 50 to 79. Recent findings have revealed that nearly one in three people within this age group consider themselves vulnerable. This vulnerability stems not only from financial struggles but also from health-related issues, according to Leon Diamond, CEO…
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Don’t Let Age Block Your Mortgage Dreams: A Call for Fair Lending Practices
In a bold statement challenging the status quo, the founder of later life lending firm LiveMore has accused the mortgage industry of blatant age discrimination, highlighting a systemic issue that affects many older individuals seeking financial solutions in their later years. The Plight of Older Borrowers LiveMore’s CEO, Leon Diamond, has shed light on the…
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Cost-of-Living Crisis: The Plight of Older Homeowners
Today, a large number of homeowners are battling the rising tide of expenses. How is the cost-of-living crisis affecting those on the brink of retirement or already in their twilight years? Key Findings: The Impact on Homeowners Aged 50-70 Recent research by LiveMore shines a light on the financial distress many homeowners between the ages…
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Over 50s Distrust Financial Firms
In the ever-evolving landscape of finance, trust is paramount. Yet, a recent discovery reveals that a significant proportion of people aged 50 and above have reservations about financial service providers. Trust in Numbers According to a survey conducted by LiveMore, 59% of those between the ages of 50 and 79 harbour mistrust towards financial service…