LiveMore equity release is its lifetime mortgage, for ages 55 to 90 with loans of £20k to £1m; its product page states no interest rate.
LiveMore is a specialist lender with four mortgage types for people over 40, and only one is equity release. This guide sets out what LiveMore says about that lifetime mortgage and its retirement interest-only (RIO) mortgage. Matching a lifetime mortgage to your own circumstances is work for an FCA-authorised equity release adviser, and requesting a call-back through this page costs nothing.
What later-life lending does LiveMore offer?
LiveMore's mortgage page lists "four products": standard capital and interest, standard interest only, retirement interest only, and a lifetime mortgage. It describes the lifetime mortgage as "a type of equity release where you receive your mortgage as a lump sum and don't have to make monthly payments." Its equity release guide, which refers to the 2023 market, adds that LiveMore does not offer home reversion plans.
The RIO mortgage is a different thing: it is repaid from the sale of the home on death or a move into long-term care, but you pay the interest each month and affordability is assessed. How a retirement interest-only mortgage differs from equity release compares the two, and equity release in the UK explains a lifetime mortgage from start to finish.
LiveMore equity release criteria: age, loan size and affordability
LiveMore sets out its criteria in one table on its mortgage page, read on 29 October 2026.
| Lifetime mortgage | Retirement interest only | |
|---|---|---|
| Minimum age | 55 | 50 |
| Loan amount | £20k to £1m | £20k to £2.5m |
| Maximum loan to value | Age dependent | 75% |
| Affordability assessment | No | Yes |
| Monthly payments required | None | Interest |
The lifetime mortgage page says it is "available from age 55 up to the age of 90" and that all borrowers need independent legal advice. Its maximum loan to value is listed only as age dependent, so what you could borrow turns on your age and the property. In Scotland a lifetime mortgage is secured by a standard security, the Scots-law form of a mortgage charge. The amount you can release is covered on its own page, and age limits for equity release compares minimum and maximum ages.
Features of the LiveMore lifetime mortgage
- Payments. None are needed, but you can pay "up to 10% or 15% per year (based upon the product selected)", with at least £200 for each monthly payment.
- Roll-up. Interest you do not pay is added to the loan balance, and interest is then charged on the new total.
- Drawdown. The facility opens six months after completion; how a drawdown lifetime mortgage works explains the idea.
- Further borrowing. LiveMore's customer FAQ says "At present, LiveMore Capital do not offer Further Advances", adding that this "may be subject to change in the future". Other lenders' top-ups are on borrowing more on an existing plan.
- Staying put. The lender says the home "will never be repossessed, as long as you stick to the terms and conditions".
LiveMore itself warns that, with roll-up, the amount you owe can grow quickly, which leaves less of the home's value for your estate, and money released could affect means-tested benefits; how compound interest builds up and equity release and benefits cover both.
LiveMore equity release rates and fees
The lifetime mortgage pages give no interest rate. The rate on a particular plan, and what it would add up to over the years, can be gone through, free, by the adviser who rings you after a form enquiry. Equity release rates explains how rates work across lenders.
Fees come from the lifetime mortgage tariff of charges linked from LiveMore's customer pages on 29 October 2026, which is marked effective from 1 May 2023 and says a fee may rise if LiveMore's costs increase. It estimates legal fees at £750, with the final bill depending on your solicitor. The valuation fee runs from £200 for a home worth up to £100,000 to £1,675 for one worth £1,500,001 to £2,000,000, the arrangement fee varies by offer, and a £100 exit fee may be charged when the loan ends or moves to another lender or property. The total costs of equity release are on their own page.
Early repayment charges and downsize protection
You can make "partial repayments of up to 10% of the loan amount within each year" from the completion date without an early repayment charge. The tariff says the loan is designed to be repaid on death, or when you leave because you need long-term care, and that repaying earlier may incur a charge whose details sit in the Mortgage Information Sheet. Ask for that sheet before committing, since it holds the schedule for your plan.
LiveMore also describes downsize protection: no early repayment charges "after day one" if you move to a home outside its lending criteria and cannot transfer the mortgage. Its customer FAQ says that for some customers this applies from five years in, so check which applies to the plan you are shown. Wider guides: clearing a plan before the end and porting a plan to a new home.
No negative equity guarantee and Equity Release Council membership
LiveMore calls its lifetime mortgage "Equity Release Council approved" and says that, under the No Negative Equity Guarantee upheld by Council members, the amount borrowed plus rolled-up interest "can never be more than the value of your home". The Council's website carried a company page for LiveMore Mortgages when read on 29 October 2026. Council standards are rules its members sign up to, and the Council says only products that meet them carry its protections; what the standards cover shows where the guarantee stops.
Does LiveMore sell direct, or through advisers?
LiveMore's enquiry page asks you to complete a short form "so a qualified mortgage advisor that specialises in LiveMore’s products can assess your needs", and its customer FAQ refers to "your mortgage broker who helped you obtain your LiveMore mortgage". LiveMore requires independent legal advice for every borrower as well, and can say whether it also takes applications without an adviser. Comparing equity release providers sets out the checks that apply to any lender.
What people ask about LiveMore lifetime mortgages
Does LiveMore offer a home reversion plan?
No. None of the four products on its mortgage page is a home reversion plan, and its equity release guide, written in 2023, says it does not offer them.
Do I have to make monthly payments on a LiveMore lifetime mortgage?
No. LiveMore says none are needed, and you can choose to pay up to 10% or 15% a year, depending on the product.
Is LiveMore a member of the Equity Release Council?
The Council's website had a company page for LiveMore Mortgages when read on 29 October 2026, and LiveMore labels its lifetime mortgage "Equity Release Council approved".
Is the LiveMore RIO mortgage equity release?
No. A RIO mortgage needs monthly interest payments and an affordability check, whereas the lifetime mortgage needs neither.
Where is LiveMore's tariff of charges?
LiveMore publishes a lifetime mortgage tariff, effective 1 May 2023, on its website. Your offer documents show the fees for your plan.
Before you decide
Weigh the roll-up, the smaller estate and the early repayment charges against the alternatives, and take independent legal advice. Put your details in this page's enquiry form for a free ring from a qualified equity release adviser; the call is about your own position.