The product is available on a five-year fixed rate term and allows borrowers to exit after three years without incurring an early repayment charge (ERC).
The ERC applies in years 1-3 of the product term, starting from 5% to 4% and 3% in the third year. There is no ERC in years four or five of the term.
The rate for the product starts at 5.58%.
Paul Lewis, sales director of mortgages at LiveMore, said: “This product gives borrowers the confidence of a longer-term fix, with the flexibility to reassess their situation after just three years.
“It’s ideal for customers who want stability now but don’t want to be locked in if market conditions improve.”
LiveMore has also lowered rates on its equity release products by as much as 65 basis points at higher-loan-to-value (LTV) tiers.
The products will be found on the lender’s free-to-use product tool, the LiveMore Mortgage Matcher.
Last month, the firm made several hires in its compliance and servicing team.
