The later life mortgage lender, catering to people aged 50-plus, has cut the cost of its five-year fixed rates across retirement interest-only (RIO), standard interest-only and standard capital and interest mortgages.
It has also reduced rates on its equity release range, including Lite, Standard and Property+ lifetime mortgages.
What’s new?
The lender’s five-year standard capital and interest and standard interest-only products now start at 5.99%.
The five-year RIO products now start at 6.18%, and the lender’s equity release products start from 6.11%.
Tim Wellard, senior proposition manager at LiveMore, said: “The new rates offer customers more competitive rates, as we continue to support customers wanting to solve their later life lending challenges.”
Related: Homeowners take ‘wait-and-see’ approach to equity release
