LiveMore makes rate cuts by up to 0.58% – Mortgage Finance Gazette

LiveMore has lowered charges throughout its product vary by up to 0.58%.

The cuts cowl five-year fixes on retirement and curiosity solely (RIO), commonplace curiosity solely, and commonplace capital and curiosity mortgages.

Reductions have additionally been made to the lender’s Lite, commonplace and Property+ lifetime mortgages.

Rates have decreased by 0.54% to 5.99% on its five-year commonplace capital and curiosity and commonplace interest-only merchandise.

The discount applies to the 60% and 70% loan-to-value (LTV) tier and the fee-assisted vary.

The rate on five-year RIO merchandise has lowered by 0.50% to 6.18%. This applies to the 60% and 75% loan-to-value (LTV) tier and the fee-assisted vary.

For fairness launch merchandise, charges are down by 0.58% and begin from 6.11%.

There aren’t any adjustments to the lender’s ‘Up to 100% Debt Consolidation’ merchandise that launched earlier this week.

LiveMore senior proposition supervisor Tim Wellard says: “The new charges provide clients extra aggressive charges, as we proceed to assist clients wanting to remedy their later life lending challenges.”

“These reductions come on the again of the launch of our month-to-month £1,000 Affordability Calculator competitors, aimed toward simplifying the complexities of affordability for brokers.”