LiveMore has expanded its Lifetime Equity Release (ER) product to further expand financial options for people aged 50 to 90+. For the first time, the company will also offer its borrowers the option of a drawdown facility.
The extensive new product range enhances LiveMore's existing ER offering and includes four new and updated products, with financing of up to £1 million now available. 
For standard products, real estate considerations include properties above, below, near, or used to operate a commercial property, as well as properties that are Grade 2 listed, former local authority, non-government Now includes properties that have a commercial annex or are currently owned. Near pylons and solar panels.
The new 6-month product provides a 6-month offer period for customers wishing to purchase a new property.
LiveMore's flexible new 5-year ERC product includes partial repayment options of up to 15% per year.
The new Property Plus for ER covers a wider range of properties than modern standard ER products, including contaminated land, properties near flood zones, and buildings made of steel and wood.
To provide maximum flexibility to customers' individual requirements, standard, 6-month, and 5-year ERC products are all available in 10 different loan-to-value (LTV) bands up to a maximum LTV of 49.75%. We provide.
All four products include day one downsize protection and a three-year compassion period, allowing customers to sell the property without paying an ERC if the other borrower dies or moves into long-term care. Masu.
Apart from the new 6-month offer product, LiveMore has extended the validity period of the offer to 3 months.
Les Pick, Director of Brokerage Sales at LiveMore, commented: These new products, including drawdown functionality, are the result of that effort. We remain committed to helping brokers and customers find great products that are right for them. ”
