Thursday, February 13, 2025
HomeMortgageLiveMore cuts rates on more than 200 mortgages

LiveMore cuts rates on more than 200 mortgages



LiveMore has cut rates across more than 200 mortgages, spanning standard, retirement interest-only (RIO) and equity release deals.

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%.


Sponsored

Mind over mortgages: why we need to look after intermediaries’ mental health

Sponsored by Halifax Intermediaries






Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments