LiveMore reduces mortgage rates on all products for the over 50s

05 December 2023

LiveMore has lowered rates across all its mortgage products by up to 0.29%, in response to growing confidence in the housing market and to support more borrowers.

Lending exclusively to borrowers aged 50-90+, LiveMore’s rate reductions are across its retirement interest-only (RIO), standard interest-only, standard capital & interest and lifetime mortgage (equity release) mortgages.

Its new lowest rate is on its five-year fixed standard interest-only mortgage, which has dropped 0.23% to 6.15%. The rates on its RIO mortgages now start at 6.30% down from 6.53% on its fee range, and now starts from 6.50% on its fee-assisted range. Equity release rates have dropped by 0.10%.

The lender has also lowered its 5+5-year and 10-year fix by 0.18%, with its 5+5-year fix beginning from 6.60% and 6.20% for 10-year fixed rates.

Percentage difference between new versus old rates – retirement interest-only mortgage:

Percentage difference between new versus old rates – standard interest-only mortgage:

Tim Wellard, product manager at LiveMore, commented: “With swap rates continuing to stabilise, confidence in the housing market is on the up and at LiveMore following two exceptional months, we are keen to support more borrowers. As a result, we have been able to reduce rates on all our mortgage products, which should help brokers and their customers.”

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