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Equity Release

Later life lender cuts rates across all mortgages

Later life lender cuts rates across all mortgages
Christina Hoghton
Written By:
Christina Hoghton
Posted:
29/03/2024
Updated:
29/03/2024

LiveMore, the mortgage lender for people aged 50 to 90 plus, has reduced rates across all of its products.

It has cut the rates on its fixed-for-life retirement interest-only (RIO) mortgage by 0.20 percentage points, and all on other RIO mortgages by 0.25 percentage points.

The lender’s standard repayment and interest-only mortgages are also down by 0.25 percentage points. This means that LiveMore’s standard interest-only five-year fixed fee range will now start at 6.13% and its 10-year fixed at 6.03%.

Equity release rate cuts

LiveMore has also cut lifetime mortgage (equity release) products by 0.20%, with rates now starting at 6.38%.

Tim Wellard, senior proposition manager at LiveMore, said: “It is important to us that we continue to offer a broad and highly competitive product offering to our clients through our mortgage broker partners.”