LiveMore cuts standard and RIO mortgage rates by up to 0.74%

Standard mortgage LiveMore 1 rates have seen the largest reductions.

Related topics:  Later Life,  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
27th June 2024
blocks with percentage signs going down
"As a lender dedicated to serving customers from 50 to 90+, we understand challenges continue to arise with the cost of living."
- Samantha Ward, LiveMore’s head of proposition strategy and development

LiveMore has reduced rates on standard mortgages (capital & interest and interest-only) and retirement interest-only (RIO) products by up to 0.74%.

RIO rates have been reduced on all LiveMore 1 products, including for two-year, five-year, 5+5year, 10 year and fixed-for-life mortgages. Five-year fixed rates have reduced by 0.19%, from 6.18% to 5.99%.

Standard mortgage LiveMore 1 rates are reduced by up to 0.74%. Two-year fixed rates are down from 7.28% to 6.54% while five-year fixed rates move down from 5.99% to 5.84%. At the same, 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%.

The latest rate reductions follow LiveMore’s announcement earlier in the month that it has removed the maximum borrower age and increased the maximum mortgage term to 40 years across standard mortgages.

Samantha Ward, 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.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.