It also lowers the minimum age for its retirement interest-only products
Later life lender LiveMore is bringing back fee-assisted mortgage products, which includes a free standard valuation with no product fee.
Aside from giving borrowers aged 50- to 90-plus more options, the lender has also dropped the minimum age for its retirement interest-only (RIO) products from 55 to 50, providing a whole new group of people access to its full product range.
Phil Quinn (pictured), head of intermediary sales at LiveMore Capital, said they were excited to start the year by broadening both their product and age range for customers to “give them more choice.”
“The zero-product fee and the free standard valuation will appeal to those customers who want to minimise upfront fees, especially given the current high cost-of-living,” Quinn added. “By lowering our minimum age for RIOs, more people can take advantage of a mortgage to meet their needs.
“This is just the beginning of a number of changes we will be making as we have new products in the pipeline which will widen our offering for the benefit of brokers and their clients.”
The specialist lender also reduced rates last month across the whole of its product portfolio by at least 106 basis points.
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