The rate reductions apply across the lender’s four ranges, which are named 1 to 4 with varying criteria levels, with standard interest-only, standard capital and interest and RIO mortgages falling.

The cuts do not apply to LiveMore’s lifetime mortgage or equity release products.

As an example, LiveMore’s 1 RIO five-plus-five-year fixed rate has decreased by 1.02% and its 1 five-year fixed rate for both standard and RIO has gone down by 0.31%.

Additionally, both its 10-year fixed RIO and standard rate and fixed-for-term have fallen by up to 0.71%.

Les Pick (pictured), LiveMore’s director of intermediary sales, said: “We want to offer our customers flexibility as well as stability, and these rate reductions support this strategy. For example, the five-plus-five-year fixed-rate mortgage offers 10 years of certainty, with no early repayment charges (ERCs) after five years.”

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The lender previously lowered standard and RIO mortgages by up to 0.74% in June.