LiveMore is bringing back fee-assisted mortgage products, with a free standard valuation and no product fee.
The later life lender, which focuses on those aged 50 to 90-plus, adds that it has dropped the minimum age for its retirement interest-only products to 50 from 55.
The firm, founded in 2020, says the move means that all of its mortgages can now be applied for by those aged 50.
LiveMore Capital head of intermediary sales Phil Quinn says: “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.
“By lowering our minimum age for retirement interest-only products, more people can take advantage of a mortgage to meet their needs.”
Quinn adds that this year the business has several “new products in the pipeline which will widen our offering for the benefit of brokers and their clients”.
The firm’s operations include examining the credit history, income, pensions and investments of borrowers.
