LiveMore reinstates fee assisted mortgages and lowers RIO age

LiveMore is bringing back fee assisted mortgage products, which includes a free standard valuation and has no product fee, giving borrowers aged 50-90+ more options.

In addition, LiveMore has dropped the minimum age for its retirement interest-only (RIO) products from 55 down to 50, allowing a whole new cohort of people to have access to its full product range.

The move means that all LiveMore’s mortgages can now be accessed at age 50.

Phil Quinn, head of intermediary sales at LiveMore Capital, commented: “We’re excited to start 2023 broadening both our product and age range for customers giving 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.

“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.”