LiveMore has cut mortgage rates across its more than 200 products catering to those aged 50 to 90 plus.
The lender has reduced fixed rates by 0.30% on its equity release products and 0.15% on standard and retirement interest-only (RIO) products.
For instance, LiveMore’s Lifetime Mortgage – Lite now starts at 5.99%, lowered from 6.29%.
The Property+ range is now down from 7.39% to 7.09%.
In the standard capital and repayment and interest only categories, the 5+5-year fixed rate starts at 5.67%, down from 5.82%, while the 10-year fixed rate starts at 5.62%.
The 2-year and 5-year fixed rates now begin at 6.54% and 5.58%, respectively.
All RIO rates have also fallen by 0.15%, with the 2-year and 5-year fixed rates now at 6.94% and 5.83%.
The 5+5- and 10-year fixed rates are now at 5.92% and 5.87%, respectively.
Samantha Ward (pictured), head of proposition strategy and development at LiveMore, said: “We take every opportunity to reduce prices for customers when we can, so brokers can now offer a better solution for their clients aged 50 to 90 plus – an age group that is often underserved by other lenders.
“We appreciate that changing prices can be a challenge for brokers, so we have immediately incorporated the lower rates on the LiveMore Mortgage Matcher®.
“It is a market-leading tool that helps brokers easily find suitable product options for their clients according to their specific financial situation and individual needs.”
