LiveMore has cut prices on selected longer term fixed-rate deals by as much as 46 basis points.
The specialist lender says its changes to interest-only, retirement interest-only and capital & interest products cover:
- Fixed for life – rates now start from 6.48%, down by 46bps
- 5+5-year fixed-rate loan – rates now start from 6.63%, cut by 31bps. This is a 10-year fix, but carries no early repayment charges after five years
The firm adds that rates on its lifetime mortgages now start from 7.09%, down by 16bps.
LiveMore chief executive and founder Leon Diamond says: “As swap rates have fallen, and because of our agile technology, we have been able to react quickly and reduce rates making our products extremely competitive for the 50-year-old to 90-year-old-plus market.”
