LiveMore launches new 3+2-year fixed rate mortgage offering enhanced flexibility

07 May 2025

LiveMore has announced the launch of its new 3+2-year fixed rate mortgage, designed to give customers aged 50 to 90+ greater control over their borrowing in a changing interest rate environment.

The innovative product, available from 9:00am on Wednesday 7 May, offers the security of a five-year fixed rate with the freedom to exit after three years without penalty. Early repayment charges (ERCs) apply only in years one to three on a sliding scale of 5%, 4% and 3%. In years four and five, there are no ERCs.

Initial rates for the new product start at 5.58%, offering strong value for a longer-term fixed option with built-in flexibility.

Paul Lewis, Sales Director of Mortgages at LiveMore, said:

“This product gives borrowers the confidence of a longer-term fix, with the flexibility to reassess their situation after just three years. It’s ideal for customers who want stability now but don’t want to be locked in if market conditions improve.”

In addition to the new product launch, LiveMore has also reduced rates on its Equity Release range by up to 65 basis points at higher LTV tiers. This move makes it even more attractive for customers looking to release more equity from their homes.

These new products can be found on LiveMore Mortgage Matcher® a market-leading tool that helps brokers easily find suitable product options for their clients according to their specific financial situation and individual needs, it is free to brokers and located at livemoremortgages.com/lmm.

LiveMore specialises in later life mortgages and is committed to transforming the way older borrowers are served, with products designed specifically for their unique needs and financial circumstances.