LiveMore has cut limited edition fixed-rate products by up to 85 base points.
The later life lender says these rates apply to lifetime mortgages, standard capital & interest, standard interest-only and retirement interest-only home loan offers.
Its largest reduction comes among lifetime mortgage rates, which as down by up to 85bps to start at 5.29%.
The lender’s standard repayment and interest-only rates now start at 5.23%, reduced by up to 15bps.
Retirement interest-only mortgage rates have also been reduced by up to 15bps and start at 5.48%.
LiveMore director of intermediary sales Les Pick says: “It’s important to us that we help brokers provide their clients with more affordability, more property and more products.
“These rate reductions should help open the market to more people in the 50-plus age bracket who may still be challenged by the ongoing higher costs of living.”
