LiveMore Capital has returned to the mortgage sector after it temporarily suspended products due to the recent volatility in the UK currency and money markets.
The lender says it is “in a position to re-enter the market” now that market conditions have settled.
Products include fixed-rate interest-only mortgages for borrowers aged 50 to 90 plus.
The range comprises retirement interest-only and term interest-only mortgage products with a maximum loan-to-value (LTV) between 60% and 75%.
Rates start from 7.75% on both five and 10-year fixed rate interest-only mortgages with loan sizes between £10,000 going up to £1.5m.
LiveMore Capital chief executive Leon Diamond says: “It feels great to be back lending again. It’s why we exist – to help people aged 50-90+ who are underserved by the mortgage market.”
“In the current economic climate, they need us more than ever. We offer them the widest criteria in the market, some of the greatest lending amounts, and we welcome all incomes to assess affordability, including pensions or rental income.”
The lender’s products follow a four-tier structure known as the LiveMore 1, 2, 3 and 4 range, which provides clients with straightforward requirements through to more complex credit profiles.