LiveMore Capital Completes £215m Securitisation with Reed Smith's Guidance
Deal News | Jun 09, 2025 | Reed Smith
LiveMore Capital, a leader in later-life lending, has completed a significant transaction involving a £215 million public residential mortgage-backed securitisation. This move represents a strategic effort by LiveMore to offer lending solutions aimed at older borrowers within the framework of their Social Bond Framework. This securitisation, named Exmoor Funding 2025-1, aligns with the International Capital Market Associations (ICMAs) standards for social bonds and has been verified by a Second Party Opinion from ISS ESG to qualify as a social project focusing on financial inclusion. Reed Smith, a legal advisor, played a critical role in structuring this transaction and advising on various associated terms and funding mechanisms for LiveMore. The transaction signifies an innovative approach to lending for traditionally underserved segments of the population.
Sectors
- Financial Services
- Legal Services
Geography
- United Kingdom – The transaction involves LiveMore Capital, a UK-based lending firm, and the securitisation is in GBP (£).
Industry
- Financial Services – The article discusses a financial transaction involving securitisation and lending solutions.
- Legal Services – Reed Smith, a prominent law firm, is involved in advising on the transaction.
Financials
- £215 million – Value of the public residential mortgage-backed securitisation transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LiveMore Capital | Issuer | Company | LiveMore Capital is a company focused on providing lending solutions for older borrowers. |
| Reed Smith | Legal Advisor | Company | Reed Smith is a law firm providing legal advice on the securitisation deal. |
| ISS ESG | Second Party Opinion Provider | Company | ISS ESG provided a second party opinion confirming the alignment of the securitisation with social bond standards. |