LiveMore has reduced rates across its product range by up to 0.58%.
The cuts cover five-year fixes on retirement and interest only (RIO), standard interest only, and standard capital and interest mortgages.
Reductions have also been made to the lender’s Lite, standard and Property+ lifetime mortgages.
Rates have decreased by 0.54% to 5.99% on its five-year standard capital and interest and standard interest-only products.
The reduction applies to the 60% and 70% loan-to-value (LTV) tier and the fee-assisted range.
The rate on five-year RIO products has reduced by 0.50% to 6.18%. This applies to the 60% and 75% loan-to-value (LTV) tier and the fee-assisted range.
For equity release products, rates are down by 0.58% and start from 6.11%.
There are no changes to the lender’s ‘Up to 100% Debt Consolidation’ products that launched earlier this week.
LiveMore senior proposition manager Tim Wellard says: “The new rates offer customers more competitive rates, as we continue to support customers wanting to solve their later life lending challenges.”
“These reductions come on the back of the launch of our monthly £1,000 Affordability Calculator competition, aimed at simplifying the complexities of affordability for brokers.”
