LiveMore has cut rates across all its mortgage products by up to 0.29 percentage points.
Lending exclusively to borrowers aged 50-90+, LiveMore’s rate reductions are across its retirement interest-only (RIO), standard interest-only, standard capital & interest and lifetime mortgage (equity release) mortgages.
Its new lowest rate is on its five-year fixed standard interest-only mortgage, which has dropped 0.23 percentage points to 6.15%. The rates on its RIO mortgages now start at 6.30% down from 6.53% on its fee range, and now starts from 6.50% on its fee-assisted range. Equity release rates have been reduced by 0.10 percentage points.
The lender has also lowered its 5+5-year and 10-year fix by 0.18 percentage points, with its 5+5-year fix beginning from 6.60% and 6.20% for 10-year fixed rates.
Tim Wellard, product manager at LiveMore, said: “With swap rates continuing to stabilise, confidence in the housing market is on the up and at LiveMore following two exceptional months, we are keen to support more borrowers. As a result, we have been able to reduce rates on all our mortgage products, which should help brokers and their customers.”