LiveMore has reduced the interest rates across its product portfolio by at least 106 basis points.

The reductions apply to LiveMore’s interest-only mortgages and the recently launched capital and interest product, where some rates have been cut by as much as 116 bps.

The rates start at 6.69% down from 7.75% on 60% loan-to-value (LTV) and 7.09% from 8.15% on 75% LTV.

LiveMore will lend from £10,000 up to £1.5m to people aged 50 to 90 plus.

LiveMore head of intermediary sales Phil Quinn comments: “Now that the money markets are starting to settle after the turmoil caused by the mini-Budget, we are able to bring down our rates.”

“We have a wide range of products available as our borrowers have many different requirements such as unusual property construction, debt consolidation or gifting to family, among other things.”