LiveMore is bringing its interest-only products to the Scottish property market to provide alternative mortgage solutions for older borrowers hit by soaring inflation and the rising cost of living.
The specialist mortgage lender for over-50s said the expansion will enable Scottish customers aged from 50 to over 90 to access LiveMore’s full range of products, flexible terms rates and holistic affordability criteria.
Through its Retirement Interest Only (RIO) and Term Interest Only (TIO) products, LiveMore will be able to give borrowers in Scotland the opportunity to access the security and peace-of-mind of a longer-term fixed rate, release capital to enable them to continue living the life they love, get a mortgage when they would otherwise struggle or simply stay in their home for longer.