LiveMore, the mortgage lender for homebuyers aged between 50 and 90 plus, has launched a limited-edition cashback product that will gift customers £1,000 on completion.
The lender says the offer is designed to give borrowers more flexibility with their money at a time when upfront costs are front of mind. The offer is available on purchase and remortgage, whether borrowers are taking out a 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 Fee Range 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 5.30pm on 31 October 2025.
The limited-edition launch is not available on LiveMore’s existing fee-assisted range, fee-assisted £500 cashback products, up to 100% Debt Consolidation and the Lifetime (Equity Release) ranges.
LiveMore also says it has seen 721% revenue growth over the past three years. Applications are also up, increasing 132% between January and June 2025 (versus 2024), with completions up 58%.
The company claims to be one of the only lenders in the market to provide the full range of later life lending options.
Leon Diamond, CEO at LiveMore, says: “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.”
To help brokers see which option is best for their clients, LiveMore launched its innovative LiveMore Mortgage Matcher calculator to help advisers quickly identify suitable products across the range of later life options.
It claims the tool supports better customer outcomes in line with Consumer Duty and provides a compliance audit trail that a broker has provided the best advice.
