LiveMore has closed its first securitisation of prime and near-prime owner-occupied mortgage loans valued at £208.1m.  

The later life lender’s residential mortgage-backed security package, Exmoor Funding 2024-1, consists of retirement interest-only home loans and standard mortgages — interest-only and repayment.  

The deal was rated by S&P and Moody’s, with the lender adding that its securitisation “received strong investor demand”.  

LiveMore managing director of finance and capital markets Simon Webb says: “This is a notable transaction, not only because it demonstrates the significant growth of LiveMore over recent years, but it clearly shows market confidence in later life lending as a financially sound investment.  

“The securitisation plays a key part in LiveMore’s continuing growth and expansion as we work to fill the gap caused by the shortfall in quality mortgage finance for later-life borrowers.”  

The firm, founded in 2020, offers more than 300 products across its range of standard capital repayment and interest-only home loans, retirement interest-only mortgages and lifetime mortgages.