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LiveMore comments on interest rate decision
08 May 2025
Simon Webb, managing director of capital markets and finance at LiveMore, comments:
"While this move may not immediately transform mortgage rates, today’s rate cut will provide relief to many borrowers, especially those coming to the end of fixed-rate deals or navigating affordability challenges in a high-cost environment. "For older borrowers, many of whom are on fixed incomes, a reduction in rates can be crucial in easing monthly payments or improving affordability assessments. It’s important that we continue to see innovation and competition in the later life lending space, so that more people aged 50 and over can access the finance they need without being unfairly penalised by outdated criteria or economic headwinds."
