LiveMore has integrated its later life mortgage tool into the Mortgage Advice Bureau’s adviser system, with the aim to unlock mortgage solutions for underserved customers.
Developed by the later life lender, 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.
Following the full integration of LiveMore Mortgage Matcher into MAB’s existing technology, it is able to provide an “easy-to-use” journey for its mortgage advisers, with “minimal” additional criteria steps required.
LiveMore head of intermediary sales, Darren Cunliffe, said: “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 process from enquiry to application.”
The new integration will enable MAB’s system to analyse a customer’s affordability and recommend a range of suitable products.
LiveMore also suggested that, due to its ability to filter through more than 250 products across multiple categories, the integration represented “one of the most comprehensive later life lending solutions available in the UK market today”.
MAB proposition director, Steve Humphries, added: “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.”
A free to use version of the LiveMore Mortgage Matcher is available for brokers to use on the LiveMore website.
tom.dunstan@ft.com
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