LiveMore expands mortgage offering with new Spring Special limited-edition rates, core range rate reductions, and enhanced eligibility criteria

01 April 2025

LiveMore, the mortgage lender for people aged 50 to 90 plus, has today announced new Spring Special limited-edition rates, reduced rates on the core range and an update to its borrower eligibility criteria.

Spring Special limited-edition rates

LiveMore has introduced its Spring Special limited-edition rates, offering significant savings for remortgages on its two-year fixed Standard mortgage products and its Retirement Interest-Only (RIO) mortgage products:

• Two-year fixed-rate special, now from 5.88%, available until 30th April 2025.
• Rates 0.25% - 0.59% lower than the core Fee Range.
• Free valuations on property values up to and including £2 million (as well as assisted legal fees for remortgages as normal).
• £995 product fee, which can be added to the loan.
• Minimum loan amount of £75,000.

Rate reductions on Standard and Retirement only mortgages

In addition, LiveMore has repriced its core Standard and RIO mortgage products, with reductions across all LiveMore 2, 3 and 4 products and the Up to 100% Debt Consolidation products (bar the two-year fixed):

• Up to 0.34% reduction on LiveMore 2.
• 0.20% reduction on LiveMore 3 and 4.

Enhanced Eligibility Criteria

In a further commitment to expanding mortgage accessibility, following broker enquiries and lending opportunities considered by the lender, LiveMore has lowered the minimum age requirement for second borrowers. Joint applicants can now apply with the youngest borrower aged 40 or over, compared to the previous threshold of 45. One borrower must still be aged 50 or above, aligning with LiveMore’s focus on its core 50-90plus target market while increasing flexibility for joint applications.

“We are continuously evolving our offering to better serve the needs of borrowers over 50,” says Paul Lewis, sales director - mortgages at LiveMore. “Our new Spring Special limited-edition rates, latest core rate reductions and eligibility changes all demonstrate our continued commitment to making borrowing easier and more accessible for people in later life.”

The LiveMore Mortgage Matcher is free to brokers, who can find it on the LiveMore website at livemoremortgages.com/lmm. It works in conjunction with the affordability calculator.