LiveMore Capital has introduced a new four-tier structure to its product range to provide more options for borrowers aged 50 to 90+.

Previously operating under a two-tier structure, LiveMore’s new 1, 2, 3 and 4 range has options for clients with a more complex credit profile, those looking to consolidate debts, remortgage or purchase a property of non-standard construction.

The new range continues to concentrate on retirement interest only (RIO) and term interest only (TIO) mortgage products with maximum loan-to-values (LTVs) of between 60% and 75%.

LiveMore has also introduced a fee paid range and a fee assisted range with no product fee and free valuation across all products. Loan sizes will start at £10,000 and go up to £1.5m.

In addition, LiveMore is trialling a lower price point on its 10-year fixed rates. The new rate will start at 3.70% for a 10-year LiveMore 1 TIO.

LiveMore managing director of sales Alison Pallett says: “These new tiers of LiveMore 1, 2, 3 and 4 allow us to offer mortgages to more people aged 50 to 90+, including those with a complex credit history such as past arrears.”

“We have also put the lowest rates on our 10-year fixes recognising the current trend of increasing customer demand for longer-term fixed mortgages given the rising interest rate environment,” Pallett adds.