It reduces rates by up to 25bps
Later life lender LiveMore has reduced interest rates across its range of products.
The lender has slashed rates on all retirement interest-only (RIO) mortgages by 25 basis points (bps), with the exception of the fixed-for-life RIO mortgage, which is reduced by 20bps.
LiveMore has also lowered the rates for both its standard capital and interest mortgages, as well as its standard interest-only mortgages by 25bps. Consequently, the starting rate for LiveMore’s standard interest-only five-year fixed fee range is now 6.13%, and for its 10-year fixed range, 6.03%.
The firm has also made adjustments to its lifetime mortgage (equity release) products, reducing rates by 20bps, which means rates now begin at 6.38%.
“It is important to us that we continue to offer a broad and highly competitive product offering to our clients via our intermediary partners,” said Tim Wellard (pictured), senior proposition manager at LiveMore. “This week’s rate reductions follow LiveMore’s February offer of 100% debt consolidation on mortgages of up to £1 million.”
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