LiveMore has launched a fee-assisted £500 cashback mortgage range for borrowers aged over 50. 

Its Fee Assisted Cashback range is available on the later life lender’s 3 and 4 tiers across its portfolio of retirement interest-only, standard interest-only and standard capital and interest mortgage offers. 

The deal is available to customers who borrow a minimum of £75,000, and is paid on completion of purchases and remortgages.  

The firm says the new range has no product or application fees, and includes free standard valuation fees on purchases and remortgages. Assisted legal fees are available on remortgages. 

LiveMore product manager Tim Wellard says: “The £500 cashback should help support people with adverse credit or who are looking to consolidate debt.  

“Customers can use the cash to help with any broker fees, or simply to get back on track financially”.