Following movement in the Bank of England’s base rate, we’ve made several reductions across our product range.
The greatest rate cuts apply to longer term fixes, while July’s ‘limited edition’ rate cut to two-year fixes is now permanent.
The rate reductions apply across LiveMore 1 – 4 products for Standard Interest-Only, Standard Capital & Interest, and Retirement Interest-Only (RIO) mortgages.
LiveMore 1 standard five-plus-five-year fixed-rate mortgage is now 5.42% (down by 1.06% from 6.48%). This means that the five-plus-five-year fixed-rate mortgage is now only 0.09% higher than the five-year fixed-rate mortgage.
We’ve also reduced:
- LiveMore 1 RIO five-plus-five-year fixed-rate mortgage by 1.02%
- LiveMore 1 five-year fixed rate mortgage for both standard and RIO by 0.31%
- LiveMore 1 10-year fixed rate on RIO and standard and fixed-for-term are now down by up to 0.71%.
These reductions do not apply to LiveMore’s Lifetime Mortgage (equity release) products.