LiveMore further reduces mortgage rates for the over 50s
08 January 2024
Following the mortgage lender’s December rate reductions, LiveMore has further reduced mortgage rates across its entire range of products by up to 0.71%.
LiveMore, which lends exclusively to people aged 50 to 90 plus, has reduced rates across their standard capital and interest, standard interest only, retirement interest only (RIO) and lifetime (equity release) mortgages.
The greatest reduction is on two-year fixed rates on standard and RIO mortgages, which have dropped by 0.71%. Five-year fixed rates have reduced by 0.65%. The firm’s 5+5 and 10-year fixed rates have dropped by 0.42%. Fixed-for-life RIO mortgages are down by 0.40%.
LiveMore has also reduced its equity release products by up to 0.47% on the lifetime mortgage range. The firm’s Property Plus products, where borrowers get better deals on properties that are often considered unpopular by lenders, have reduced by up to 0.22%.
Tim Wellard, product manager at LiveMore, said: “For the third time since the start of December, we’re very glad to be able to pass on to borrowers and brokers the benefits of a growing confidence in the housing market and reduced swap rates.”
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