LiveMore has launched a fee-assisted £500 cashback mortgage range.
Lending exclusively to borrowers aged over 50, the Fee Assisted Cashback range is available on the lender’s 3 and 4 tiers across its portfolio of retirement interest-only (RIO), standard interest-only and standard capital and interest mortgage products.
This range is available to customers who borrow a minimum of £75,000.
The £500 cashback is payable to customers on completion of purchases and remortgages.
It has no product fee, and includes free standard valuation fees on purchases and remortgages.
Assisted legal fees are available on remortgages, and there is no application fee.
The launch of the new range followed LiveMore’s rate reduction last week, when it lowered rates across all mortgage products by up to 0.29%.
Tim Wellard, product manager at LiveMore, said: “The £500 cashback should help support people with adverse credit or who are looking to consolidate debt.
“Customers can use the cash to help with any broker fees, or simply to get back on track financially”.
