Later life specialist LiveMore has lowered rates on standard mortgages and retirement interest-only (RIO) products by as much as 0.74%.
RIO rates have been reduced on all LiveMore 1 products, including on two-year, five-year, 5+5 year, 10-year and fixed-for-life mortgages.
As an example, its five-year fixed RIO rates have been lowered by as much as 0.19% from 6.18% to 5.99%.
Standard mortgage LiveMore 1 rates have been cut by around 0.74%, with two-year fixed rates falling from 7.28% to 6.54% and five-year fixed rates coming down from 5.99% to 5.84%.
Standard mortgage 10-year fixed rates have decreased from 6.43% to 6.28% and 5+5 year fixed rates have been cut from 6.83% to 6.68%.
Samantha Ward (pictured), LiveMore’s head of proposition strategy and development, said: “As a lender dedicated to serving customers from 50 to 90+, we understand challenges continue to arise with the cost of living.
“We believe everyone deserves financial solutions to support their borrowing requirements and that’s why we are committed to reducing rates wherever and whenever possible.”
Livemore recently removed its maximum age cap of 85 years old and increased the length of the lending term across its standard mortgage term.
The firm has also increased its maximum loan value across its core range from £1m to £1.25m and widened the amount and types of permissible adverse credit accepted.
Livemore has completed a residential mortgage-backed securitisation (RMBS) at a value of £208.1m. It is the first transaction under its social bond framework.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
