LiveMore reduces mortgage rates by further 0.35%

Over 50s mortgage lender, LiveMore, has further reduced rates across its range by 0.35%. 

The new reductions apply to LiveMore 2, 3 and 4 products for standard capital & interest, standard interest-only and retirement interest-only (RIO) mortgages. They cover the fee range, fee-assisted range, fee-assisted cashback range and up-to-100% debt consolidation range.  

This follows last week’s rate cuts of up to 0.15% on LiveMore 1 products. 

Les Pick, LiveMore’s director of intermediary sales, said: “Our LM2, 3 and 4 products serve customers who may have some credit issues or those who need to consolidate a higher proportion of debts. We’ve focused our further rate changes specifically to help this segment of the market. 

“We’ve made our rate changes easy for brokers to manage, as they’re updated in real time on the LiveMore Mortgage Matcher on our website. It filters through our 200 plus products to give brokers product options that suit their clients’ individual situations. More often than not, it allows clients to borrow more than brokers had originally expected.”