LiveMore has expanded its product range to include a two-year fixed-rate mortgage.

The new fixed rate is available on the lender’s retirement interest-only mortgage and its fixed-term mortgage, which includes interest-only and repayment options.

With rates starting from 6.17%, the two-year fix will be available on LiveMore’s fee range and fee-assisted range.

LiveMore head of intermediary sales Phil Quinn says: “We want to offer all of our borrowers and intermediary partners a wide range of products, which is why we have introduced a short-term fixed rate option. It is available for interest-only and capital and interest mortgages for people aged 50-90+.”

“Speaking to intermediaries we work with it became clear that there was a demand for a two-year fixed rate. People are uncertain about the future and some want to see where rates will be in a couple of years before committing to a longer-term fixed interest rate.”