You are here: Home - News -

Livemore lowers rates by 0.25%

  • 27/03/2024
  • 0
Livemore lowers rates by 0.25%
Later life mortgage lender Livemore has lowered rates across all its products by up to 0.25%.

All retirement interest-only (RIO) rates at Livemore are falling by up to 0.25%, barring the fixed-for-life RIO deal, which is going down by 0.2%.

Standard capital and interest and standard interest-only mortgages have reduced by 0.25%.

Its standard interest-only five-year fixed fee range will begin from 6.13%, and its 10-year fixed rate will be priced from 6.03%.

The firm also lowered its lifetime mortgage, or equity release products, by 0.2%, with pricing starting from 6.38%.

Tim Wellard (pictured), senior proposition manager at Livemore, said: “It is important to us that we continue to offer a broad and highly competitive product offering to our clients via our intermediary partners.”

Livemore recently changed its criteria to offer 100% debt consolidation on mortgages up to £1m to help “ease pressure for older borrowers”.

The lender has been growing its team, hiring Nicola Palmer as a key account manager for the South West, Lisa Kemp as a telephone business development manager (BDM) and Samantha Ward as proposition strategy and development head.

Livemore also hired Les Pick as its director of intermediary sales earlier this year.

There are 0 Comment(s)

You may also be interested in