LiveMore launches unlimited overpayments and increases LTVs

29 September 2026

LiveMore, the leading over 40s lender, has launched a series of changes designed to give borrowers the ability to make more frequent overpayments on equity release mortgages as well as greater flexibility around LTVs across the entire product range. This will enable brokers to help more clients and place more cases.

The changes remove some of the traditionally rigid lending rules associated with later life mortgages and are designed to give borrowers more choice both when taking out a mortgage and managing their payments while helping brokers to place cases.

The enhancements form part of LiveMore’s wider commitment to improving access to lending for underserved borrowers by systematically introducing more flexibility around borrowing, payments, pricing and access to funds.

The changes include:

Unlimited overpayment frequency with the minimum payment reduced to just £25 from £200 on Equity Release

Equity Release customers can now make an unlimited number of overpayments within their early repayment charge allowance, typically up to 10% per annum. The minimum payment amount has been reduced from £200 to just £25.

This gives borrowers greater flexibility to make smaller, more frequent, payments when they have surplus income or capital, rather than having to wait until they have £200 available.

‘Age Next Birthday’ benefit

LiveMore has also introduced an ‘Age Next Birthday’ capability into its Equity Release proposition.

The change allows borrowing to be assessed using a customer's next birthday where their birthday falls within 60 days. Often, the older a borrower is, the more they can borrow, so this will help eligible clients access higher borrowing amounts sooner, rather than having to wait until after their birthday to submit an application.

Further flexibility around LTVs

LiveMore is also introducing enhancements to loan-to-value (LTV) assessments on Equity Release mortgages tailoring the amount it can lend more to individual loan circumstances.

It is also increasing the maximum LTV available on its non-Equity Release mortgage range by 5% up to 85% from 80%. This will be available on every LiveMore mortgage with a repayment element, including Capital and Interest and Part and Part mortgages. This change is designed to help advisers support customers who may previously have fallen just outside lending parameters.

Together, the changes reflect LiveMore’s commitment to giving borrowers more flexibility and brokers more options when finding an appropriate mortgage solution for borrowers from age 40 onwards.

Leon Diamond, CEO of LiveMore said:

“LiveMore is growing rapidly and part of this is due to the fact that we continue to challenge norms and do things differently.

“Lending into retirement can now apply to people aged just 40 if they take out a 30-year mortgage. Fewer and fewer people now fit neatly into lending criteria that extends to age 70 plus, so changes like the ones we’ve made at LiveMore can make a meaningful difference to the options available to customers.

“It is part of our commitment to actively and consistently look for ways to improve access to funding for borrowers, to provide greater flexibility to borrowers and help brokers say yes more often.”

LiveMore is a major player in the UK later-life lending market, supporting more than 6,000 customers and working with over 3,700 registered broker firms. It is the only lender offering an integrated range of Capital & Interest, Term Interest Only, Retirement Interest Only, Part & Part and Equity Release solutions for borrowers aged 40 and over.

LiveMore’s Mortgage Matcher® makes a maximum borrowing calculation based on a client’s income and expenditure. It was developed to help intermediaries cut through the complexities of the wide range of products available in later life lending.

LiveMore recently decided to lower its minimum borrowing age to 40 on Capital & Interest and Part & Part mortgages, to reflect the changing financial needs of borrowers, enabling it to use its experience and knowledge of complex lending to assist more borrowers in midlife.

It continues to invest in the future and has broadened its funding base and product range while strengthening its technology and adviser support.

For more information about LiveMore’s mortgage range, please visit https://livemoremortgages.com/intermediaries.