The firm has reduced all fixed rates by 0.30% across its equity release products and by 0.15% for all standard and RIO rates.
Following the cuts, LiveMore’s Lifetime Mortgage – Lite now starts at 5.99%, down from 6.29% and the Property+ range is down from 7.39% to 7.09%.
All RIO rates are also down by 0.15%, with two-year and five-year fixed term rates down to 6.94% and 5.83% respectively.
Samantha Ward (pictured), head of proposition strategy and development at LiveMore, said: “We take every opportunity to reduce prices for customers when we can, so brokers can now offer a better solution for their clients aged 50 to 90 plus – an age group that is often underserved by other lenders.”
The rate cuts follow LiveMore’s decision last month to increase the maximum loan to value (LTV) limit on its standard interest-only mortgages from 70% to 75%.
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