LiveMore reduces all rates by 50 bps

16 January 2023

LiveMore, the mortgage lender dedicated to serving the 50-90+ age group, has reduced the rates on all of its products by 50 basis points.

Rates now start at 6.19% 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 offers Retirement Interest-Only (RIO) (open ended term) and Fixed Term Mortgages where customers can choose to pay on an interest-only or capital repayment basis. Borrowers can currently choose either a 5 or 10-year fixed rate product.

In addition, last week the lender reduced the age of access to its RIOs from 55 to 50 years old and enhanced its criteria.

Phil Quinn, head of intermediary sales at LiveMore Capital, commented: “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.

“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+ year-olds with credible and affordable home loans where other lenders are unable or unwilling to help.”