LiveMore has removed the maximum age and increased the term for its standard mortgage range.

The removal of the maximum borrowing age applies to the lender’s standard capital and interest, and standard interest only mortgage ranges, which were previously up to 85 and 80 years respectively.

The later life lender has also increased the maximum mortgage term across its standard ranges to 40 years, up from 30 years on interest only and up from 35 on capital and interest.

The minimum age for sole applicants is 50 years for standard and retirement mortgages while for joint applications, where one applicant is aged 50 or older, the second applicant can be a minimum of just 45 years old.

LiveMore’s entire range now has no maximum age limit including its retirement interest-only (RIO) and lifetime mortgages.

LiveMore head of proposition strategy and development Samantha Ward says: “By removing the upper age caps and extending our mortgage terms, we believe we can assist a wider range of customers who are just as creditworthy as any other segment of the market.”