LiveMore has lowered rates across all mortgage products by up to 0.29%, in response to growing confidence in the housing market.
Lending exclusively to borrowers aged 50 to 90-plus, LiveMore made rate reductions across retirement interest-only (RIO), standard interest-only, standard capital and interest, and lifetime mortgages.
The lowest rate is on its 5-year fixed standard interest-only mortgage dropped 0.23% to 6.15%.
The rates on its RIO mortgages now start at 6.30% down from 6.53% on its fee range, and now starts from 6.50% on its fee-assisted range.
Equity release rates were dropped by 0.10%.
The lender has also lowered its 5+5-year and 10-year fix by 0.18%, with its 5+5-year fix beginning from 6.60% and 6.20% for 10-year fixed rates.
Tim Wellard, product manager at LiveMore, said: “With swap rates continuing to stabilise, confidence in the housing market is on the up and at LiveMore following two exceptional months, we are keen to support more borrowers.
“As a result, we have been able to reduce rates on all our mortgage products, which should help brokers and their customers.”
