"We hope that this change will assist our brokers in offering further choice to their customers needing interest-only solutions, along with a fresh approach to affordability."
Alison Pallett, sales director at LiveMore, said: “We are all about driving a better deal for more mature borrowers aged over 55 and this removal of the £995 to £1,395 product fees does exactly that.
"We hope that this change will assist our brokers in offering further choice to their customers needing interest-only solutions, along with a fresh approach to affordability.”
LiveMore recently reduced its standard fixed rates, ranging from five year products to lifetime mortgages. Seven, 10 and 20 year fixed rates now start at 3.55%, 3.74% and 4.05% respectively. Five-year fixed rates now start from 3.40% with a lifetime fixed rate at 3.90%.
LiveMore's mortgages are available to borrowers aged over 55 with no maximum age limit. It has also increased its lowest rate band from 50% to 60% LTV.
