LiveMore has reduced rates across all its 200+ mortgages, spanning standard, retirement interest-only (RIO) and lifetime mortgages.
The mortgage lender for people aged 50 to 90+ has reduced all fixed rates offered to customers by 30 basis points (bps) across its equity release products, and by 15bps for all standard and RIO rates.
LiveMore’s Lifetime Mortgage – Lite now starts at 5.99%, down from 6.29%. Its Property+ range, which caters for a wider range of properties than other lenders might consider, is down from 7.39% to 7.09%.
Examples from its new standard capital and repayment and interest only rates, include LiveMore’s 5+5-year fixed rate, which is down 15bps and now starts at 5.67%, while its 10-year fixed rate now starts at 5.62%.
Its two-year and five-year fixed term rates now start at 6.54% and 5.58% respectively.
All RIO rates are also down by 15bps, with two-year and five-year fixed term rates down to 6.94% and 5.83% respectively. LiveMore’s 5+5-and 10-year fixed term rates are down to 5.92% and 5.87% respectively.
Samantha Ward, head of proposition strategy and development at LiveMore, said: “We take every opportunity to reduce prices for customers when we can, so brokers can now offer a better solution for their clients aged 50 to 90 plus – an age group that is often underserved by other lenders.
“We appreciate that changing prices can be a challenge for brokers, so we have immediately incorporated the lower rates on the LiveMore Mortgage Matcher. It is a market-leading tool that helps brokers easily find suitable product options for their clients according to their specific financial situation and individual needs.”
