LiveMore has joined Twenty7tec affordability tool RESEARCH, making it easier for advisors to find the right lending solutions for older borrowers.
Twenty7tec’s technology platform supports more than 17,000 advisors with product sourcing, applications and data analysis.
The maximum loan amounts are obtained from the LiveMore Mortgage Matcher and are based on the affordability of mortgage payments over the life of the loan, rather than an income multiple.
LiveMore says the Mortgage Matcher simplifies the process of finding the right mortgage for later life by filtering more than 250 products across multiple categories, including standard capital and interest, interest-only, partial, pension interest-only and lifetime (equity release) mortgages.
LiveMore chief executive Leon Diamond said: “Joining Twenty7tec’s affordability tool makes it easier for mortgage brokers to find out how much LiveMore can lend. We recently abolished our loan-to-income limits to ensure we help as many borrowers as possible achieve their homeownership goals.”
Twenty7tec CEO James Tucker added: “We are always looking for lenders to add our affordability tool to ensure the best possible outcomes. LiveMore will be a great addition that will enhance the Twenty7tec affordability tool for all our advisers to use.”