LiveMore has reduced its standard fixed-rates and widened its loan-to-value (LTV) bands.
It has launched seven, 10 and 20-year fixed rates at 3.55%, 3.74% and 4.05% respectively and 5-year fixes now start at 3.40% with the lifetime fixed at 3.90%.
Alison Pallett, director of sales at LiveMore, said: “Today is a huge day for LiveMore as with our new rates we’ll be able to help more borrowers aged over 55 who need an interest only mortgage.
“We have widened our lowest rate band from 50% to 60% LTV and at 75% we can lend more than any of our competitors and we have no maximum age limit. We are also able to accept income beyond a “traditional” retirement age where it’s plausible, particularly helpful for the self-employed or business owners.”