The firm said that the limited-edition mortgage rates apply to lifetime mortgage – otherwise known as equity release – standard capital and interest, standard interest-only and RIO products.

Lifetime mortgage rates have been cut by up 0.85% and start from 5.29%.

For standard repayment and interest-only rates, pricing begins from 5.23%, a reduction of up to 0.15%.

RIO rates have been lowered by around 0.15%, with pricing set from 5.48%.

Les Pick, LiveMore’s director of intermediary sales, said: “It’s important to us that we help brokers provide their clients with more affordability, more property and more products. These rate reductions should help open the market to more people in the 50-plus age bracket who may still be challenged by the ongoing higher costs of living.”

Fleet Mortgages reintroduces EPC deals and lowers five-year fixed mortgage rates

Buy-to-let (BTL) specialist lender Fleet Mortgages has brought back a product for properties with an Energy Performance Certificate (EPC) rating of between A and C and reduced five-year fixed rate pricing

The EPC deals are available in the lender’s standard, limited company and house in multiple occupation (HMO) and multi-unit block (MUB) ranges.

The standard and limited company deals are available up to 75% loan to value (LTV) at 4.69%, and HMO/MUB deals come to 5.09%.

All EPC A-C deals come with a 3% fee with a minimum of £750.

Fleet Mortgages also offers a £1,000 cashback to borrowers who improved their EPC rating to a C or above over their fixed rate period.

The lender has also cut five-year fixed mortgage rates with a 3% fee by up to 0.2%. Standard and limited company deals start from 4.79% and HMO/MUB deals begin at 5.19%.

Steve Cox, chief commercial officer at Fleet Mortgages, said: “Energy efficiency of rental properties is a significant issue and will continue to be as landlords are expected to meet new government-set minimum standards of C and above by the end of the decade.

“Clearly, we want to put in place incentives across the board for landlords to not just improve those properties that don’t currently meet these levels, but to also reward those with lower pricing in order to benefit further from this.

“These relaunched EPC A-C products are very competitively priced and are also 10 basis points below our five-year fixed-rate equivalents, making it worth landlords’ while to be either purchasing or refinancing properties at these higher EPC standards.”

He added that the cut to five-year fixed mortgage rates would give advisers and landlord borrowers “lower rates and a further opportunity to meet affordability criteria and secure the level of loans they want and need”.

“It is a busy time in the buy-to-let sector with a large number of market moves and new opportunities and we would urge advisers with landlord borrower clients to contact the Fleet sales team so we can outline the positive solutions we can help them deliver,” Cox noted.