LiveMore comment on the General Election results

05 July 2024

Please find below, comment on the General Election results from Simon Webb at LiveMore, the mortgage lender for the 50-90+ age group.

Simon Webb, managing director of capital markets and finance at LiveMore, commented: “’Landslide victory’ are the clear watchwords for this election. But as Labour settles in the new watch word will need to be affordability. Labour’s manifesto prioritised maintaining current stamp duty exemptions for first-time buyers but has made no mention of extending this exemption to other buyers. Leaving older buyers trapped in large houses they can’t downsize from and locking younger buyers out. Regardless of how the new government plans to address the housing crisis, it is crucial that they listen to the industry first for guidance.

“At LiveMore we will be focusing on providing well-informed advice to older borrowers