LiveMore enters RIO purchase market
Later life mortgage lender, LiveMore, has added a retirement interest-only purchase mortgage to its range.
"Many older borrowers will be seeing this as an opportunity that they can benefit from and so the time is right to extend our offering to these customers and help them on their journey."
Purchase products are available up to 75% LTV on terms between five and 20 years, with rates ranging from 3.95% to 4.75%.
All products come with a £995 product fee.
Alison Pallett, director of sales at LiveMore, said: “These are exciting times for us – with the current stamp duty holiday, many older borrowers will be seeing this as an opportunity that they can benefit from and so the time is right to extend our offering to these customers and help them on their journey.
“We have listened closely to intermediaries’ needs and this enhancement is in direct response to what we are seeing in the market where our intermediary partners are reporting record levels of enquiries in the house buying space and we are in a fortunate position to be able to react quickly to their requests.
Pal“At time when there is increased regulatory spotlight on equity release selling practices, RIOM has a great place in any good intermediary’s armoury and now was the right time to extend our offering to include house purchase mortgages.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
