LiveMore, the mortgage lender for people aged 50 to 90-plus, has further reduced rates by 0.35%, following last week’s cut of up to 0.15% on LiveMore 1.
The 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.
Les Pick, director of intermediary sales at LiveMore, 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.”
