Rates with the lender now start from 6.69 per cent. And reductions have been on both interest-only mortgages and the recently launched capital and interest product.
LiveMore lends from £10,000 up to £1.5m to people aged 50 to 90 and beyond.
Phil Quinn, head of intermediary sales (pictured), said: “Now that the money markets are starting to settle after the turmoil caused by the mini Budget, we are able to bring down our rates.
“We have a wide range of products available as our borrowers have many different requirements such as unusual property construction, debt consolidation or gifting to family, among other things.
“Our manual underwriters are experienced to deal with all sorts of borrower income when assessing affordability. We are the lender that likes to say ‘yes, we can lend to you’ when others say ‘no’.”
It has been a busy run-up to Christmas for Livemore. In early December, Mortgage Solutions reported that Later life the firm had released its first capital and interest (C&I) mortgage for borrowers aged 50 to 85. Meanwhile, earlier this week, we noted that Livemore had appointed new three business development managers (BDMs) to its sales teams.
