LiveMore launches new £500 cashback range for the over 50s

13 December 2023

LiveMore has launched a fee-assisted £500 cashback mortgage range.

Lending exclusively to borrowers over 50, the new “Fee Assisted Cashback” range is available on LiveMore’s 3 and 4 tiers across their portfolio of Retirement Interest-only (RIO), Standard Interest-Only and Standard Capital & Interest mortgage products. It is available to customers who borrow a minimum of £75,000.

The £500 cashback is payable to customers on completion of purchases and remortgages. The new range has no product fee, and includes free standard valuation fees on purchases and remortgages. Assisted legal fees are available on remortgages. As with all LiveMore products there is no application fee.

This new fee-assisted plus cashback range follows LiveMore’s rate reduction announcement last week, when the lender lowered rates across all its mortgage products by up to 0.29% in response to growing confidence in the housing market and to support more borrowers.

Tim Wellard, 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”.