*Updated March 2026*
On this page:
What is LiveMore?
Key equity release protections
LiveMore lifetime mortgages at a glance
How LiveMore lifetime mortgages work
Key features
Potential drawbacks
Who LiveMore lifetime mortgages may suit
Customer reviews
Important: consider alternatives before equity release
Compare the whole market
Final verdict
LiveMore is a UK specialist mortgage lender focused on borrowers aged 50 and over, including those approaching or already in retirement.
Alongside its retirement mortgages, the lender offers lifetime mortgages, a type of equity release that allows homeowners to unlock some of the value tied up in their property while continuing to live there.
A lifetime mortgage is a loan secured against your home. Unlike a traditional mortgage, monthly repayments are not required unless you choose to make them voluntarily.
The loan and any interest that builds up are usually repaid when the property is sold after the last borrower dies or moves into permanent long-term care.
LiveMore’s equity release products are designed to give homeowners aged 55 to 90 access to property wealth while retaining full ownership of their home.
Most modern lifetime mortgages in the UK include important safeguards designed to protect homeowners.
These typically include:
- No negative equity guarantee – you will never owe more than the value of your home
- Right to remain in your home for life provided it remains your main residence
- Mandatory regulated financial advice before taking out an equity release plan
Many lenders follow standards set by the Equity Release Council, the industry body responsible for promoting consumer protections in the equity release market.
| Feature
|
LiveMore Lifetime Mortgage
|
| Product type
|
Lifetime mortgage (equity release)
|
| Minimum age
|
55
|
| Maximum age
|
90
|
| Repayments required
|
None (optional repayments allowed)
|
| Voluntary repayments
|
Up to 10% per year without penalty
|
| Drawdown facility
|
Available
|
| Interest type
|
Compound (roll-up) interest
|
| Property ownership
|
You retain full ownership
|
| Repayment
|
Usually when the home is sold
|
| Consumer protections
|
No negative equity guarantee
|
A lifetime mortgage allows homeowners to release tax-free cash from their property while continuing to live there.
With a LiveMore lifetime mortgage:
- You borrow a lump sum secured against your home.
- No monthly repayments are required.
- Interest is added to the loan balance if you do not make repayments.
- If repayments are not made, the interest rolls up (compounds) over time, increasing the amount owed.
The loan is typically repaid when:
- The last borrower dies.
- The last borrower moves into permanent long-term care.
Importantly, homeowners retain full ownership of the property throughout the life of the mortgage.
No mandatory monthly repayments
Borrowers are not required to make monthly repayments. This can help homeowners manage their finances during retirement.
Optional repayments
LiveMore allows borrowers to repay up to 10% of the loan balance each year without early repayment charges, helping reduce the long-term impact of compound interest.
Drawdown facility
Some LiveMore plans allow borrowers to release funds gradually through a drawdown facility, meaning interest only accrues on money actually taken.
Downsize protection
If you move to a property that does not meet the lender’s criteria, you may be able to repay the mortgage without early repayment charges.
No negative equity guarantee
Like most modern equity release plans, LiveMore mortgages include a no negative equity guarantee, meaning the amount owed will never exceed the value of the property.
Equity release can provide financial flexibility but also involves long-term trade-offs.
Compound interest
If repayments are not made, interest compounds over time and can significantly increase the loan balance.
Reduced inheritance
The loan and accumulated interest are normally repaid from the sale of the property, which may reduce the inheritance left to beneficiaries.
Impact on benefits
Releasing cash from your property could affect eligibility for means-tested state benefits such as Pension Credit.
A lifetime mortgage from LiveMore may suit homeowners who:
- Are aged 55 or older
- Want to access the value tied up in their property without moving
- Prefer not to make mandatory mortgage repayments
- Want the flexibility to make voluntary repayments if their finances allow
Common reasons homeowners use equity release include:
- Funding home improvements
- Helping family members financially
- Supplementing retirement income
- Paying off existing debts
Trustpilot: 4.7★ (238 reviews)
Customer reviews frequently highlight the professionalism of advisers, clear explanations throughout the mortgage process and supportive customer service.
Recent feedback includes:
“The process Umar made so straightforward and he was beyond helpful. It felt like a friend holding my hand through the process. Communication was fantastic from start to finish.”
— Trustpilot reviewer, March 2026
“Umar worked tirelessly to get me a new mortgage. He understood my needs and particular circumstances and without his help I would be in real trouble.”
— Trustpilot reviewer, February 2026
“A proper service from a proper company. The professionalism was outstanding and there were no hard sales tactics or pressure to proceed.”
— Trustpilot reviewer, February 2026
It is worth noting that some Trustpilot reviews relate to LiveMore’s broader mortgage services, not exclusively its equity release products.
Equity release can provide financial flexibility later in life, but it is a major long-term financial decision.
Consumer finance experts, including Martin Lewis, consistently recommend exploring other options before taking out a lifetime mortgage.
Possible alternatives include:
- Downsizing to a smaller property
- Using savings or investments
- Taking in a lodger
- Checking eligibility for benefits or local authority grants
UK regulations require homeowners to receive specialist financial advice before proceeding with equity release.
While LiveMore offers its own lifetime mortgage products, equity release is a highly personalised form of lending.
The most suitable plan can vary depending on factors such as age, property value, health and financial goals.
Because of this, many homeowners choose to speak with a whole-of-market equity release adviser who can compare plans from multiple lenders.
For example, Age Partnership is a specialist adviser that searches the wider equity release market to help homeowners find a solution tailored to their circumstances.
Working with a whole-of-market adviser can help you:
- Compare plans from multiple equity release lenders
- Understand differences between products
- Identify features such as drawdown, inheritance protection and voluntary repayments
- Find a plan suited to your financial goals
LiveMore is a specialist lender focused on borrowers aged 50 and over, offering lifetime mortgages that allow homeowners to unlock property wealth while continuing to live in their home.
Its products offer flexibility through features such as optional repayments and drawdown facilities, helping borrowers manage how quickly interest builds up.
However, as with any equity release product, it is important to carefully consider the long-term implications and compare options across the wider market before proceeding.
Speaking with an independent adviser can help ensure the most suitable solution is chosen for your circumstances.
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