LiveMore and the Mortgage Advice Bureau (MAB) have announced the integration of the LiveMore Mortgage Matcher® into MAB’s adviser system - a move set to unlock mortgage solutions for thousands of customers previously underserved by traditional lending criteria.
Used by all MAB advisers operating in the later life lending space, the new integration will enable the system to quickly analyse a customer’s affordability and recommend a range of suitable products.
Developed by the later life lending expert, the LiveMore Mortgage Matcher® simplifies the process of finding the right later life mortgage by making a maximum borrowing calculation based on the client’s income and expenditure.
With the ability to instantly filter through more than 250 LiveMore products across multiple categories, the integration represents one of the most comprehensive later life lending solutions available in the UK market today.
The Mortgage Matcher® has been fully integrated into MAB’s existing technology, providing an easy-to-use journey for its mortgage advisers, with minimal additional criteria steps required.
Darren Cunliffe, Head of Intermediary Sales at LiveMore commented: “Crucially, our Mortgage Matcher® doesn’t just assess affordability or point advisers towards a product type and leave them to join the dots. It actively surfaces lending solutions that many brokers wouldn’t expect to be achievable, based on each customer’s individual circumstances.
“As a result, MAB advisers get an instant, clear view of what is genuinely possible for their client, helping them unlock options that might otherwise be overlooked and dramatically speeding up the journey from enquiry to application.”
Designed with affordability at the forefront, the LiveMore Mortgage Matcher® also considers a wide range of possible income streams often overlooked by other later life lenders, including rental income, savings and pensions, with no minimum income requirement.
Steve Humphries, Proposition Director, MAB, said: "By integrating the Mortgage Matcher® into our technology, we’ve been able to simplify the process for our later life lending advisers dramatically, helping them to have better conversations with their customers about their available options.
“We always want to give our customers the most suitable outcome, so LiveMore’s focus on affordability really struck a chord with us. Going forward, the Mortgage Matcher® will help us to ensure we’re considering all options and providing the highest quality advice for each customer’s circumstances."
Leon Diamond, LiveMore CEO, said: “I set up LiveMore with a simple aim: to challenge the status quo for people approaching retirement and those already retired who were being overlooked by mainstream criteria. Our LiveMore Mortgage Matcher® demonstrates what is possible, and its integration with MAB means that we are now helping even more people reaching retirement age to find a financial solution that works for them.”
