LiveMore equity release plans reviewed (and calculator)

LiveMore equity release interest rates

What interest rates does LiveMore offer? And how do they stack up against the competition?

How much money can LiveMore provide on their lifetime mortgages? Use our calculator to find out, plus see how they stack up to the wider market.

LiveMore equity release plans

LiveMore offers a number of equity release plans, but their Property+ lifetime mortgage offers some of the most flexible property underwriting criteria in the market. We have recommended LiveMore's Property+ regularly to clients who have previously been refused equity release.

In January 2025 LiveMore made significant changes to their other equity release plans making them much more attractive compared to the past.

LiveMore now offer drawdown lifetime mortgages, eight year early repayment charges (ERCs) as standard, with the option to take a plan with ERCs for five years only.

Plus, if you are purchasing using equity release, LiveMore can provide offers lasting six months!

LiveMore offers the most popular type of equity release plan, the lifetime mortgage. Let's explore some criteria and features in greater detail:

Benefits of LiveMore equity release

Free valuations: All LiveMore equity release plans offer free valuations on initial borrowing, for properties valued up to £2,000,000.

I love this feature because it takes all the risk away from you. If there are any unforeseen issues with the survey, you will not have to pay anything upfront, and you will not be liable for paying a penny should you decide not to proceed.

Arrangement fees: There are no arrangement fees on any LiveMore lifetime mortgages.

Flexible property underwriting: LiveMore's Property+ lifetime mortgage is often available to clients who have previously been refused equity release due to the construction and features of their property.

It is the only lifetime mortgage product from any lender that will lend money with spray foam that has been installed in your home after the property was built.

Useful features offered by LiveMore

Significant life event waiver: For joint applications, if you repay the lifetime mortgage within three years of the date the first borrower died or moved into long-term care, an Early Repayment Charge (ERC) is not applied.

Downsizing protection: If you move to a property that doesn't meet LiveMore's lending criteria and you are unable to transfer the mortgage, you can repay the loan in full without incurring any early repayment charges (ERCs). Including moving to overseas properties, which they will not lend on.

Partial repayments: You can repay up to 10% of the loan balance each year without penalty, or 15% with Five Year ERC plans. There is a minimum payment amount of £200, and you can repay up to 12 times per year. Your annual allowance is renewed on the anniversary of the date the borrowing completes. Any unused balance does not roll over into the following year.

Fixed ERCs: LiveMore levy an Early Repayment Charge for the first eight years: 8% in year 1, 7% in year 2, 6% in year 3, 5% in year 4, 4% in year 5, 3% in year 6, 2% in year 7, 1% in year 8, and no fee thereafter. For the Five Year ERC plans, the ERC charges are the same over the first five years, and there are no ERCs from year 6 onwards.

Impaired credit: Do not consider County Court Judgments (CCJs) as part of their underwriting criteria and do not require outstanding CCJs to be repaid. Debt Management Plans (DMPs) are acceptable and do not need repaying, providing you have always been up to date with payments.

LiveMore's equity release underwriting

Flexible on construction: LiveMore is one of the most flexible equity release lenders for non-standard construction properties on its Property+ product.

Lease length: LiveMore will accept properties with a minimum leasehold tenure unexpired term of at least 90 years.

Bad debts: LiveMore is flexible if you have County Court Judgments and will accept applicants with Debt Management Plans, provided that they are settled with the equity release money.

Married couples single applications: LiveMore is one of only three equity release lenders who allow sole applications from married couples.

We can discuss applying solely and jointly to ensure your needs are best met. Please speak with one of our equity release advisors for more information.

Concessionary Purchase: LiveMore will consider an application for a Concessionary Purchase or an Inter-family transaction.

Where the plans aren't so good

LiveMore's equity release plans are feature-rich but may cost more than alternatives from other lenders.

As part of our equity release advice service, we will consider plans from LiveMore and compare them to other equity release lenders.

Please speak with one of our equity release advisors for your personalised illustration.

How does LiveMore compare to other equity release lenders?

LiveMore is one of the most popular equity release lenders. Benefits of their plans include:

• Downsizing protection
• Significant life event waiver, and
• allowing sole applications from married applicants.

However, you may be able to achieve larger loans and lower interest rates from other equity release lenders. Furthermore, LiveMore does not offer medically underwritten lifetime mortgages.

When you are ready, you can book an appointment with one of our equity release advisors, who can show you how LiveMore compares to other lenders for your specific needs.

Borrowing more on an existing LiveMore equity release plan

If you have an existing equity release plan with LiveMore, we can help you assess the best way to borrow additional funds.

In 2025, LiveMore now offer drawdown plans. However, they do not offer further advances, but this is something that they are looking to bring to the market in the future.

Therefore, we can consider taking a new plan with LiveMore or taking a new plan with another equity release provider.

We will require your authority to discuss your existing plan with LiveMore. Please complete the form below so that we can send you a Letter of Authority to complete, sign, and return so that we may speak with LiveMore.

Why don't I go to LiveMore directly?

Of course, you can go to LiveMore directly to request their lifetime mortgages. However, you still require financial advice before taking one of their plans, and they do not currently have any directly employed advisors. Instead, LiveMore will put you in touch with a financial advisor who will only advise you on LiveMore's equity release plans.

If you choose to work with an advisor who works with other lenders, you could access a more suitable lifetime mortgage from another provider.

But won't I get a better deal by going direct?

The interest rates charged and the amounts of money you can release will be the same whether you go direct or through another advice firm.

In closing

I hope I have helped you understand LiveMore's equity release product offering and that you now know whether you could be a LiveMore equity release client. If you have further questions about LiveMore's equity release plans or would like to see if LiveMore is the plan I recommend for you, contact us at 0207 158 0881.

Remember, we also compare plans from other equity release lenders, so we can save you time shopping around and find the most suitable plans. You can also use our equity release calculator to compare the lowest-rate plans.