LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched Spring Special limited edition rates, reduced rates on the core range and an update to its borrower eligibility criteria.
LiveMore has introduced the limited edition rates in a bid to offer significant savings for remortgages on its 2-year fixed standard mortgage products and its Retirement Interest-Only (RIO) mortgage products.
Its 2-year fixed-rate special, is now available from 5.88%, available until 30th April 2025.
The rates are 0.25% to 0.59% lower than Livemore’s core Fee Range, and the products come with free valuations on property values up to and including £2m (as well as assisted legal fees for remortgages as normal).
The products also include £995 product fee, which can be added to the loan, and boast a minimum loan amount of £75,000.
In addition, LiveMore has repriced its core standard and RIO mortgage products, with reductions across all LiveMore 2, 3 and 4 products and the up to 100% Debt Consolidation products (bar the 2-year fixed).
Following broker enquiries and lending opportunities considered by the lender, LiveMore has also lowered the minimum age requirement for second borrowers.
Joint applicants can now apply with the youngest borrower aged 40 or over, compared to the previous threshold of 45.
One borrower must still be aged 50 or above, aligning with LiveMore’s focus on its core 50-90 plus target market while increasing flexibility for joint applications.
Paul Lewis, sales director – mortgages at LiveMore, said: “We are continuously evolving our offering to better serve the needs of borrowers over 50.
“Our new Spring Special limited edition rates, latest core rate reductions and eligibility changes all demonstrate our continued commitment to making borrowing easier and more accessible for people in later life.”
