Pricing now begins at 6.19 per cent for a retirement interest-only product at 60 per cent loan to value (LTV) with a £999 fee and fixed for either five or 10 years.
Across its fee assisted range, pricing starts at 6.34 per cent for a five or 10-year fix at 60 per cent LTV with no fee. The fee-free product also offers a free standard valuation and fee-assisted legals are available on all remortgages.
Phil Quinn, head of intermediary sales at Livemore Capital, said: “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 50 basis points 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.”
Gen H cuts fixed rates
Generation Home (Gen H) has cut its two and five-year fixed rates by up to 0.2 per cent.
Two-year fixes at 75 per cent LTV with a £999 fee have been reduced by 0.18 per cent to 4.79 per cent, while at 80 per cent LTV cuts of 0.1 per cent have lowered two-year fixed rates to 4.87 per cent.
Two-year fixes at 90 per cent LTV have been cut by 0.05 to 5.25 per cent.
The lender has also added a five-year fix priced at 4.99 per cent.
Pete Dockar, Gen H commercial director, said: “Last week, we announced our decision to replace our standard variable rate with a reversionary tracker rate to provide fairer, more transparent mortgages for our customers.
“Further driving rates down today demonstrates our total commitment to this customer-first approach. We are delighted to continue offering these market-leading rates, and look forward to helping even more buyers and remortgagors realise their homeownership dreams in 2023.”
