LiveMore has launched a limited-edition cashback product, giving customers £1,000 on completion.
Available on purchase and remortgage, the cashback option is open to borrowers taking out retirement interest-only (RIO), standard capital and interest, interest-only, or part-and-part mortgages.
The new cashback option applies to loans of more than £100,000, while the existing fee range products remain in place for loans of £100,000 or less. The product carries LiveMore’s standard £995 fee, which can be paid upfront or added to the loan, and the rates are the same as the current RIO and standard mortgage products.
The new cashback product includes assisted legal fees for remortgages as per the current fee range and is available for a limited time, with applications to be submitted by 31st October 2025.
This limited-edition launch is not available on LiveMore’s existing fee-assisted range, fee-assisted £500 cashback products, up to 100% debt consolidation and lifetime ranges.
Leon Diamond (pictured), CEO at LiveMore, said: “People over 50 have been hugely underserved until now. LiveMore was established to help rectify this. However, there is still a long way to go to ensure that every person over the age of 50 who can afford a mortgage can get one, and we intend to continue to be at the forefront of saying yes to this market.
“We are always looking for ways to provide greater value and flexibility to customers and their brokers. With the cost of moving and remortgaging still front of mind for many, this cashback offer is designed to help ease upfront expenses while maintaining the competitive rates and product choice that LiveMore is known for. Customers can use the cash to help with any broker fees, pay the product fee or simply to help get set up in their new home.”
