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Livemore makes mortgage rate cuts across several long-term products

Livemore has lowered its mortgage rates across several products.

The rate cuts affect the Fixed for Life, 5+5 Year, and Lifetime mortgage options.

Nick Mendes, mortgage technical manager at John Charcol, said: “Livemore have a fantastic proposition with their ability to include a range of incomes but also offer a range of mortgage specifically designed for 50-90+ clients.

“This latest rate reduction is a welcomed move for prospective borrowers looking to tie into a longer-term deal.”

The Fixed for Life rate is now at 6.48%, down 0.46%. The 5+5 Year product rate has been reduced to 6.63%, a cut of 0.31%.

The Lifetime mortgage rate is now at 7.09%, down by 0.16%.

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