Specialist mortgage lender LiveMore has reduced rates across its entire range of products by up to 0.71%.

The reduction covers products including standard capital and interest, standard interest only, retirement interest only (RIO) and lifetime (equity release) mortgages.

The lender’s two-year fixed rates on standard and RIO mortgages have dropped by 0.71%. Five-year fixed rates have reduced by 0.65%.

The firm’s 5+5 and 10-year fixed rates have dropped by 0.42%. Fixed-for-life RIO mortgages are down by 0.40%.

LiveMore, which lends exclusively to people aged 50 to 90 plus, has also reduced its equity release products by up to 0.47% on the lifetime mortgage range.

The firm’s Property Plus products, where borrowers get better deals on properties that are often considered unpopular by lenders, have reduced by up to 0.22%.

LiveMore product manager Tim Wellard said: “For the third time since the start of December, we’re very glad to be able to pass on to borrowers and brokers the benefits of a growing confidence in the housing market and reduced swap rates.”