LiveMore has reduced the interest rates across its entire product portfolio by at least 106 basis points with rates now starting from 6.69%.

The reductions apply to both interest-only mortgages and LiveMore’s recently launched Capital & Interest product, where some rates have reduced by as much as 116 bps.

LiveMore will lend from £10,000 up to £1.5m to people aged 50 to 90+ and considers all of their income, not just salary. Pensions is an important element of income for our customers and LiveMore does not ignore that, it embraces it.

The lender has a four-tier product structure that contains a broad range of criteria which brokers can use to find the mortgage that matches their clients’ individual circumstances.

Phil Quinn (pictured), head of intermediary sales, said: “Now that the money markets are starting to settle after the turmoil caused by the mini-Budget, we are able to bring down our rates.

“We have a wide range of products available as our borrowers have many different requirements such as unusual property construction, debt consolidation or gifting to family, among other things.

“Our manual underwriters are experienced to deal with all sorts of borrower income when assessing affordability. We are the lender that likes to say ‘yes, we can lend to you’ when others say ‘no’.”