LiveMore has made widespread rate reductions across its range of products, with cuts of up to 106 basis points (bps).
The largest rate cuts apply to longer term fixes, while July’s ‘limited edition’ rate cut to two-year fixes is now permanent.
The rate reductions apply across LiveMore 1 – 4 products for Standard Interest-Only, Standard Capital & Interest, and Retirement Interest-Only (RIO) mortgages.
LiveMore 1 standard five-plus-five-year fixed-rate mortgage is down by 106bps from 6.48% to 5.42%. This means that the five-plus-five-year fixed-rate mortgage is now just 9bps higher than the five-year fixed-rate mortgage.
The lender has also reduced LiveMore 1 RIO five-plus-five-year fixed-rate mortgage by 102bps and LiveMore 1 five-year fixed rate mortgage for both standard and RIO by 31bps.
LiveMore 1 10-year fixed rate on RIO and standard and fixed-for-term are now down by up to 71bps.
The cuts do not apply to LiveMore’s lifetime mortgage products.
Les Pick (pictured), LiveMore’s director of intermediary sales, said: “We want to offer our customers flexibility as well as stability, and these rate reductions support this strategy.
“For example, the five-plus-five-year fixed-rate mortgage offers 10 years of certainty, with no early repayment charges (ERCs) after five years.”
