LiveMore has released a fee-assisted £500 cashback mortgage range for borrowers aged 50 and over.
It is available on the LiveMore tier three and four offerings, which is catered to borrowers with different credit ratings, ranging from standard to complex. The cashback option is open to borrowers taking out a retirement interest-only (RIO), interest-only and capital and interest mortgage.
The minimum available loan is £75,000 and cashback is available on purchase and remortgage options.
The products have no fee and offer a free standard valuation on purchase or remortgage. For remortgage, assisted legal fees are available. There is no application fee.
This change comes after LiveMore reduced mortgage rates by up to 0.29 per cent at the start of the month. Pricing was cut across LiveMore’s equity release, interest-only and RIO deals.
Tim Wellard (pictured), product manager at LiveMore, said: “The £500 cashback should help support people with adverse credit or who are looking to consolidate debt. Customers can use the cash to help with any broker fees, or simply to get back on track financially.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
