LiveMore reduces mortgage rates by up to 0.85%

Over 50s mortgage lender, LiveMore, has reduced rates across its ranges by up to 85bps.

The limited edition rates apply to lifetime mortgage, standard capital & interest, standard interest-only and retirement interest-only (RIO) mortgage products.

The greatest reduction is across lifetime mortgage rates, which have been reduced by up to 0.85% 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, 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.”