The new range is available across the lender’s portfolio of later life mortgage products
Later life lender LiveMore has introduced a fee-assisted £500 cashback mortgage range for borrowers aged 50 and above.
The lender’s Fee Assisted Cashback range is available across LiveMore’s 3 and 4 tiers across their portfolio of retirement interest-only (RIO), standard interest-only, and standard capital and interest mortgage products. To qualify for this offering, borrowers must secure a minimum loan of £75,000.
Upon completion of purchases and remortgages, customers are entitled to a £500 cashback, a distinctive feature of the new range, which also has no product fee and includes free standard valuation fees on purchases and remortgages. Furthermore, on remortgages, borrowers have access to assisted legal fees. There is no application fee for any of the products.
The latest offering follows LiveMore’s recent announcement of a reduction in rates across its entire mortgage product lineup in response to growing confidence in the housing market and to support more borrowers.
“The £500 cashback should help support people with adverse credit or who are looking to consolidate debt,” said Tim Wellard (pictured), product manager at LiveMore. “Customers can use the cash to help with any broker fees, or simply to get back on track financially.”
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