Later life specialist LiveMore has lowered rates across its standard capital and interest, standard interest-only, retirement interest-only (RIO) and lifetime (equity release) mortgages.
The biggest reduction is on two-year fixed rates on standard and RIO mortgages, which have fallen by 0.71 per cent.
Five-year fixed rates have fallen by 0.65 per cent and the lender’s 5+5 and 10-year fixed rates have dropped by 0.42 per cent.
Fixed-for-life RIO mortgages were down by 0.4 per cent and equity release deals have fallen by up to 0.47 per cent.
The later life firm’s property plus deals, where borrowers get better deals on properties that are considered “unpopular” by lenders, have decreased by 0.22 per cent.
The range, which was launched in October last year, considers features such as spray foam, near to commercial property and pylons, non-standard construction, listed buildings and flood risk.
LiveMore: ‘Passing on benefits of reduced swap rates’
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.”
LiveMore recently appointed Les Pick, formerly sales director at More2Life, as its intermediary sales head and has brought out a cashback mortgage for the over-50s. And in December, Mortgage Solutions sat down to a one-to-one interview with LiveMore CEO Leon Diamond, who spoke about the company’s equity release launch, market challenges and the Financial Conduct Authority’s review into the later life market.
