LiveMore has expanded its product offering to include equity release mortgages, offering the widest range of options available. The new addition by the 50-90+ year old lender completes its product suite, making the company the lender with the broadest product range in the later lending market. Rates start at 7.5% and customers can borrow up to 10% of the value of their home at age 55 and up to 43% for those aged 90+. There are no product or valuation fees, and the product comes with a no negative equity guarantee and is portable if customers decide to move. Loan sizes range from £10,000 up to £1m and the property must have a minimum valuation of £100,000.

Interbay has launched Select Partners, a new partner proposition which offers exclusive access to its enhanced bridging range, improved criteria and expediated service. The bridging range offered by the firm, which is part of the OSB group, includes semi-commercial and commercial bridging with rates from 0.89%. Select Partners will also have exclusive access to new commercial pricing with a C or above EPC rating as well as a wider semi-commercial product range. The product enhancements have been developed in response to the recent surge in commercial and semi-commercial refurbishment activity and could be particularly attractive to investors looking to diversify.

PMS Mortgage Club has rolled out a suite of new support with compliance experts, Bankhall, to help mortgage and protection firms adapt to the ‘new normal’ of consumer duty, which will be implemented on 31 July. With some directly authorised mortgage firms expressing concerns over their ability to adapt to the Financial Conduct Authority’s (FCA) requirements for demonstrating fair value, the new guidance offers targeted support in this area. It will also help firms prepare for the FCA’s examples of good and bad practice, which are expected to be published over the coming weeks. The additional support includes guidance on the steps firms should take to demonstrate fair value, broken down into requirements across mortgages, protection and general insurance, and a consumer duty checklist.

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