LiveMore has lifted the loan-to-value ratios of its lifetime products by up to 1.75%.
The equity release lender says that, for example, for customers aged 80 the LTV has increased to 51% from 49.75%.
At age 70, it has increased to 41% LTV from 39.25% and at age 55, to 24% LTV from 22.25%.
The firm also lifts LTVs across all standard, five-year early repayment charge and six-month offer purchase lifetime products, however, these enhancements do not apply to its premier, property-plus or LTV1 tiers.
LiveMore sales director of equity release Les Pick says: “The LTV increases will provide new opportunities for customers seeking to unlock equity.”
The lender adds that the mortgage matcher on its website is free to brokers and works together with its affordability calculator to identify products that meet their clients’ circumstances.
