Rates now start at 6.19%
Later life lender LiveMore has reduced the rates on all its products by 50 basis points.
The lender announced that rates now start at 6.19% for those with a £999 product fee, and 6.34% for the fee-assisted range, which has no product fee and a free standard valuation. Fee assisted standard legals are also available on all remortgages.
LiveMore also offers retirement interest-only (RIO) and fixed term mortgages, where customers can choose to pay on an interest-only or capital repayment basis. Borrowers can choose either a five- or 10-year fixed rate product.
Last week, the lender reduced the age of access to its RIOs from 55 to 50 years old and enhanced its criteria.
“It’s been a busy start to the year for us, and we are gaining momentum with expanding our criteria and lowering the pricing by 50bps across our product range,” Phil Quinn (pictured), head of intermediary sales at LiveMore Capital, commented.
“As we move further into 2023, we will be further enhancing our product offering providing even more flexibility and choice to brokers and their clients. We can help the underserved market of 50- to 90-plus year-olds with credible and affordable home loans where other lenders are unable or unwilling to help.”
The specialist lender also reduced rates last month across the whole of its product portfolio by at least 106 basis points.
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