LiveMore Capital has secured a credit facility of up to £250m from Citi.

The latest announcement takes the total funding raised by the lender since inception to nearly £600m.

LiveMore says the new financing will enable it to increase loan originations and grow its portfolio.

The credit facility will support LiveMore’s expanded product offering including retirement interest-only mortgages, term mortgages (both interest-only and repayment) and its soon-to-be-launched equity release offering.

LiveMore chief executive Leon Diamond says: “We are thrilled to receive this credit facility from Citi, which will support our growth and expanded product offering, so we can continue to serve the often forgotten 50 to 90+ segment of the market.”