LiveMore has cut rates across its entire mortgage range by up to 29 basis points.  

The later life lender says the reductions cover its retirement interest-only, standard interest-only, standard capital and interest and equity release home loans.  

Its lowest rate is now the firm’s five-year fixed-rate standard interest-only mortgage, which has dropped by 23bps to 6.15%.   

Rates on its retirement interest-only mortgages now start at 6.30%, down from 6.53% on its fee range, and now begins at 6.50% on its fee-assisted range.   

Equity release rates have fallen by 10bps.  

The lender has also lowered its five-plus-five-year and 10-year fixes by 18bps, with five-plus-five-year loans beginning at 6.60%, and 6.20% for 10-year offers.  

LiveMore product manager Tim Wellard says: “With swap rates continuing to stabilise, confidence in the housing market is on the up and at LiveMore following two exceptional months, we are keen to support more borrowers.   

“As a result, we have been able to reduce rates on all our mortgage products, which should help brokers and their customers.”