Good news for borrowers who don’t have squeaky-clean credit histories – LiveMore has announced cuts to its mortgage rates, making it easier to get a cheaper deal!

LiveMore, the specialist lender, has cut rates across a range of its mortgage products by up to 0.35%. This follows hot on the heels of cuts of up to 0.15% on some of its other mortgages last week.

These latest cuts apply to LiveMore’s 2, 3 and 4 products. These products are designed to help borrowers who might have had some credit problems in the past, or who need to consolidate a larger amount of debt.

The rate cuts apply to a wide range of LiveMore’s mortgages, including:

• Standard capital and interest mortgages: These are the most common type of mortgage, where you repay the loan and the interest on it each month.
• Standard interest-only mortgages: With this type of mortgage, you only pay the interest each month, and then repay the loan at the end of the mortgage term.
• Retirement interest-only (RIO) mortgages: These are interest-only mortgages designed for older borrowers.

The lower rates are available on a range of different mortgage options, including mortgages with fees, fee-free mortgages, mortgages that give you cashback, and even mortgages for people who want to consolidate up to 100% of their debts.

Les Pick, LiveMore’s director of intermediary sales, said: “Our LM2, 3 and 4 products help customers who may have some credit issues or those who need to consolidate a higher proportion of debts. We’ve focused our further rate changes specifically to help this segment of the market.”