Livemore has continued making rate reductions to its range, with the latest being cuts of up to 0.22 per cent.
The reductions apply to its Livemore 1 range for borrowers aged between 50 and 90+. Rates now start from 5.97 per cent, down from 6.19 per cent.
The range has a four tier structure to suit different needs. The Livemore 1 offering has the lowest rates with a maximum loan amount of £500,000 up to 60 per cent loan to value (LTV).
Livemore has also brought back the fixed for life on its retirement interest-only (RIO) range, where rates start from 6.12 per cent. These products are open to people from the age of 50.
Phil Quinn (pictured), head of intermediary sales at Livemore, said: “We’re thrilled to be able to reduce our rates for the second time this year, having reduced our entire range by 50bps two weeks ago. This included our fee assisted range which comes with a free standard valuation and has a zero product fee.
“The latest rate reduction across the Livemore 1 range applies to both interest-only and repayment mortgages which are available to anyone over the age of 50.”
Earlier this week, Mortgage Solutions reported that LiveMore had secured a credit facility of up to £250m from Citi.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
