View here for LiveMore Capital’s latest product announcements. Please remember that you can access their products through our direct to lender mortgage club which pays on completion. NOTE: Some LiveMore products also pay annual ongoing income, also available via our club. Contact us for more information.
Reduced ERCs on long-term products available now!
We have reduced ERC periods on our long term fixed products, to support customers through uncertainty
We are delighted to announce that we will be reducing our ERCs on our ‘unique to the market’ long-term fixed products – with the highlight being our popular 10yr Fixed now only having an early repayment charge for 5 years.
Alison Pallett, Managing Director of Sales, LiveMore says:
“We recognise the turbulent period we are in with interest rates, rising inflation and the need for our customers to have the peace of mind that a longer-term fixed product brings. There has never been a better time for a customer to fix; so the reduction to 5 years ERC on our 10 Year Fixed products, plus a reduction to 10 years ERC on our 20 Year Fixed and Fixed For Life products, goes some way in removing some of the barriers attributed to these longer-term products. “
As with all our products, both options come with the added benefit of:
Being fully portable No early repayment charges in the case of major life events* Up to 10% capital repayment facility every year Payment break of up to 6 months available in the case of major life event*
*Death of a partner, or move into long term care.
Pallett also says ‘‘We fully recognise the work and effort that you, the intermediary put in to give customers the longer-term certainty and stability they require, so our reduced ERCs especially on our 10YR Fixed, should help benefit them even more.”
Helping more customers from 50 to 90+ is why we exist, we are pleased to be able to offer these features to later life borrowers who are looking for a longer term fixed rate.