{"id":56482,"date":"2022-06-28T11:29:33","date_gmt":"2022-06-28T10:29:33","guid":{"rendered":"http:\/\/newclone.retiremove.co.uk\/blog\/?p=56482"},"modified":"2023-01-03T15:36:31","modified_gmt":"2023-01-03T15:36:31","slug":"have-you-struggled-to-get-a-mortgage-in-your-50s-or-later-years","status":"publish","type":"post","link":"https:\/\/newclone.retiremove.co.uk\/blog\/have-you-struggled-to-get-a-mortgage-in-your-50s-or-later-years\/","title":{"rendered":"Have you struggled to get a mortgage in your 50s or later years?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>LiveMore Capital, specialists in lending to older people looking for mortgages, believes borrowers deserve better<\/h3>\n<p>Most people don\u2019t realise how significantly their financial freedom will change once they reach 50.<\/p>\n<p>Many remain unaware of the impact that crossing this threshold will have on their financial opportunities.<\/p>\n<p>However, those already of age can clearly see their finances becoming more complicated and frustrating.<\/p>\n<p>Mrs Atkins, aged 69, was left dismayed after being turned down for a mortgage due to her age: \u201cIt seemed bizarre to me that, purely on age, that was the end of the mortgage, even though we could comfortably afford to pay it. It just seems ridiculous.\u201d<\/p>\n<p>LiveMore Capital was founded with a firm belief that borrowers over 50 deserve better.<\/p>\n<p>They specialise in lending to people looking for mortgages who are aged from 50 to 90 plus, with good financial track records.<\/p>\n<div style=\"width: 1080px;\" class=\"wp-video\"><!--[if lt IE 9]><script>document.createElement('video');<\/script><![endif]-->\n<video class=\"wp-video-shortcode\" id=\"video-56482-1\" width=\"1080\" height=\"608\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/0003_livemore_intro_animation_v5_080622-1080p.mp4?_=1\" \/><a href=\"http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/0003_livemore_intro_animation_v5_080622-1080p.mp4\">http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/0003_livemore_intro_animation_v5_080622-1080p.mp4<\/a><\/video><\/div>\n<p><a href=\"http:\/\/newclone.retiremove.co.uk\/blog\/?attachment_id=56502\"><br \/><\/a>According to Walnut research*, only half of people aged 50 and over are aware of the future difficulties they will face with their finances, including getting a mortgage.<\/p>\n<p>Despite their excellent credit history, many banks are turning away mature borrowers.<\/p>\n<p>This precludes them from opportunities like getting a mortgage to help buy a new home, remortgaging to stay in their home, withdrawing equity to help their kids onto the property ladder, or simply releasing some cash to enjoy retirement.<\/p>\n<p>Gary, a former NHS consultant surgeon, was left shocked when he discovered at the age of 71 how challenging finding a mortgage had become.<\/p>\n<blockquote class=\"et-pullquote right quote\">\n<p>You shouldn\u2019t feel trapped by high interest rates<\/p>\n<\/blockquote>\n<p>He said: \u201cInitially, I thought, \u2018oh, getting a mortgage should be straightforward,\u2019 because I\u2019ve never had a problem.\u201d<\/p>\n<p>David Higginson, a 69-year-old volunteer, knew equity release wasn\u2019t right for him, but was inundated by companies trying to sell it to him.<\/p>\n<p>He said: \u201cI must get either an email or a letter every day from some company about equity release.\u201d<\/p>\n<p>LiveMore says people over the age of 50 can afford a mortgage to live the life they deserve \u2013 yet the industry doesn\u2019t recognise their wealth of life experience and refuses to lend to them.<\/p>\n<p><a href=\"http:\/\/newclone.retiremove.co.uk\/blog\/?attachment_id=56565\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-56565 size-full alignleft\" src=\"http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/Mr-and-Mrs-Atkins.jpg\" alt=\"\" width=\"373\" height=\"271\" srcset=\"https:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/Mr-and-Mrs-Atkins.jpg 373w, https:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/Mr-and-Mrs-Atkins-300x218.jpg 300w\" sizes=\"(max-width: 373px) 100vw, 373px\" \/><\/a>&#8220;LiveMore consider all borrowers\u2019 diverse income sources and treat every case individually,&#8221; says CEO Leon Diamond.<\/p>\n<p>&#8220;You shouldn\u2019t feel trapped by high interest rates or forced to consider financial products that don\u2019t suit your needs.&#8221;<\/p>\n<p>One LiveMore customer, Alan Jones, said: \u201cI would recommend them to anyone because they have been brilliant and I have had no problems at all.\u201d<\/p>\n<p>Another said: \u201cI\u2019ve got the security I want until I\u2019m 80.\u201d<\/p>\n<p>LiveMore&#8217;s Managing Director (sales) Alison Pallet, said: &#8220;We are proud to offer borrowers aged 50-90 plus a wide range of Interest Only mortgages, that just expanded even more, thanks to our new tier structure LiveMore 1-4 and reduced early redemption charges across our 10 year, 20 year, and fixed for life products.<\/p>\n<blockquote class=\"et-pullquote left quote\">\n<p>I\u2019ve got the security I want until I\u2019m 80.<\/p>\n<\/blockquote>\n<p>&#8220;Our products are specifically designed to combat the rising cost of living and inflation, providing older borrowers some well-deserved peace of mind that their mortgage rates aren\u2019t going to fluctuate.<\/p>\n<p>With terms ranging from five years, all the way up to a fixed-for-life mortgage, our customers are able to continue to live the life they love.&#8221;<\/p>\n<p>Scan the QR code to get started with LiveMore.<\/p>\n<p><a href=\"http:\/\/newclone.retiremove.co.uk\/blog\/?attachment_id=56510\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-56510 alignleft\" src=\"http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-23-at-10.35.44.png\" alt=\"\" width=\"96\" height=\"92\" \/><\/a><br \/>If you would like to get in touch with an advisor at LiveMore please contact 0330 341 0603 or visit<a href=\"http:\/\/livemorecapital.com\/chat\" target=\"_blank\" rel=\"noopener\"> livemorecapital.com\/chat<\/a><\/p>\n<p>*Source: Understanding the over 50s (Walnut, 2020) LiveMore Capital Limited is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Regsiter no. 82057 and registered company no. 11630369 in England and Wales. All loans are subject to status. Think carefully before securing other debts against your home. As a last resort, your home may be repossessed if you don\u2019t keep up with payments<\/p>\n<p><a href=\"http:\/\/newclone.retiremove.co.uk\/blog\/?attachment_id=56507\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-56507 aligncenter \" src=\"http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2022\/06\/Screenshot-2022-06-23-at-10.33.38.png\" alt=\"\" width=\"413\" height=\"103\" \/><\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LiveMore Capital, specialists in lending to older people looking for mortgages, believes borrowers deserve better Most people don\u2019t realise how significantly their financial freedom will change once they reach 50. Many remain unaware of the impact that crossing this threshold will have on their financial opportunities. However, those already of age can clearly see their [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":56505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_analytify_skip_tracking":false,"cybocfi_hide_featured_image":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1,13003],"tags":[],"yst_prominent_words":[],"class_list":["post-56482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-recent-posts"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-04-25 21:08:11","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts\/56482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=56482"}],"version-history":[{"count":18,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts\/56482\/revisions"}],"predecessor-version":[{"id":56603,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts\/56482\/revisions\/56603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/media\/56505"}],"wp:attachment":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=56482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=56482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=56482"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=56482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}