LiveMore has reduced mortgage rates by up to 0.85% for borrowers aged 50 to 90-plus.
The limited edition rates apply to lifetime mortgages, standard capital and interest, standard interest-only, and retirement interest-only (RIO) mortgage products.
The biggest drop is in the Lifetime Mortgage rates, now starting at 5.29%.
Standard repayment and interest-only rates start at 5.23%, with reductions of up to 0.15%. RIO rates have also been cut by up to 0.15%, starting at 5.48%.
Les Pick, director of intermediary sales at LiveMore, 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.”
