LiveMore has further reduced mortgage rates across its entire range of products by up to 71bps, following its December rate reductions.

The specialist lender, which lends exclusively to people aged 50 to 90 plus, has reduced rates across its standard capital and interest, standard interest only, retirement interest only (RIO) and lifetime (equity release) mortgages.

The largest reduction is on two-year fixed rates on standard and RIO mortgages, which have dropped by 71bps. Five-year fixed rates have reduced by 65bps.

In addition, the firm’s 5+5 and 10-year fixed rates have dropped by 42bps, while fixed-for-life RIO mortgages are down by 40bps.

LiveMore has also reduced its equity release products by up to 47bps on the lifetime mortgage range.

Meanwhile, the firm’s Property Plus products, where borrowers get better deals on properties that are often considered unpopular by lenders, have reduced by up to 22bps.

Tim Wellard, product manager at LiveMore, said: “For the third time since the start of December, we’re very glad to be able to pass on to borrowers and brokers the benefits of a growing confidence in the housing market and reduced swap rates.”