As a new lender to the Later Life Market, we are in an ideal position to share some of our data regarding customers that we have been able to help with a RIO mortgage.
Below are some interesting key data points on customers who have used a LiveMore Capital RIO as part of a debt consolidation exercise over the last 6 months.
What this demonstrates is just how flexible a RIO can be, appealing to variety of customers of different ages and for customers with mortgages at different stages, such as an Interest only term end maturity.
However, it should be noted that the RIO debt consolidation option works just as well for customers with an unencumbered property.
Our wide-ranging product selection has also dispelled many of the myths regarding the popularity of longer-term fixes.
Our Managing Director, Pat Bunton, gives his view on the misconceptions surrounding RIO mortgages, and what we have done at LiveMore to help make it easier to identify RIO cases.
Our Director of Sales, Alison Pallett, gives her view on how the 'Bank of Mum and Dad' has had to step up in 2020.
Our Director of Sales, Alison Pallett, gives her view on her own personal journey with LiveMore.