Following its December rate reductions, later life lender LiveMore has further reduced mortgage rates across its entire range of products by up to 0.71%.
LiveMore, which lends exclusively to people aged 50 to 90-plus, reduced rates across its standard capital and interest, standard interest only, retirement interest only (RIO) and lifetime mortgages.
The greatest reduction was on 2-year fixed rates on standard and RIO mortgages, which dropped by 0.71%.
5-year fixed rates were reduced by 0.65%. The firm’s 5+5 and 10-year fixed rates have dropped by 0.42%.
In addition, fixed-for-life RIO mortgages were reduced by 0.40%.
LiveMore also reduced its equity release products by up to 0.47% on the lifetime mortgage range.
The firm’s Property Plus products, where borrowers get better deals on properties that are often considered unpopular by lenders, were reduced by up to 0.22%.
Tim Wellard (pictured), product manager at LiveMore, said: “For the third time since the start of December, we’re very glad to be able to pass on to borrowers and brokers the benefits of a growing confidence in the housing market and reduced swap rates.”
