LiveMore has reduced rates by up to 85 base points (bps).

These limited edition rates apply to Lifetime Mortgage (equity release), Standard Capital & Interest, Standard Interest-Only and Retirement Interest-Only (RIO) mortgage products.

The greatest reduction is in its Lifetime Mortgage rates, which have been reduced by up to 85bps, and now start at 5.29%.

LiveMore’s standard repayment and interest-only rates now start at 5.23%, reduced by up to 0.15%. RIO rates have also been reduced by up to 0.15%, now starting at 5.48%.

Les Pick (pictured), LiveMore’s director of intermediary sales, said: “It’s important to us that we help brokers provide their clients with more affordability, more property and more products.

“These rate reductions should help open the market to more people in the 50 plus age bracket who may still be challenged by the ongoing higher costs of living.”