
LiveMore said this reduction of up to £91,500 would boost the loan sizes available to borrowers. It has also recently removed its upper age limit, so the change is available to all borrowers aged 50 or over.
The lender has grouped the minimum equity limits into four regions across England, Scotland, and Wales.
This has been capped to £80,000 in Scotland, Wales, North East and North West England, and Yorkshire and Humberside, or £100,000 in the East Midlands, West Midlands and East Anglia.
The minimum equity required in the South East and South West England is £180,000, while this is £250,000 in London.
Following these changes, a person buying an average property in the North West worth £231,000 can now borrow up to £151,000 instead of the previous £60,000. Someone buying a home worth an average of £438,000 in the South East can now borrow as much as £258,000, compared to the previous £207,000.

How the housing landscape is set to shift
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Les Pick (pictured), director of intermediary sales at LiveMore, said: “These changes will give the underserved over-50s greater options for their home financing.
“We understand that changes to lending criteria can be challenging for brokers, especially as the market continues to fluctuate, so we’ve made our product options easy to access on the LiveMore Mortgage Matcher on our website. It filters through 200+ later life lending products to find options that best suit each client.”