View here for LiveMore Capital’s latest product announcements. Please remember that you can access their products through our direct to lender mortgage club which pays on completion. NOTE: Some LiveMore products also pay annual ongoing income, also available via our club. Contact us for more information.
Reversion Rate update from LiveMore team
On 15th December, our reversion rate is increasing by 0.50%, and this will affect the amount we may be able to lend on Retirement Interest Only (RIO) and Standard Mortgages.
Our reversion rate is made up of two components: (1) LiveMore Variable Rate (LVR), which is currently 5.19%, and is reviewed quarterly, with the next review on 15th January 2024; (2) reversion margin – this is currently 2.75% and is increasing by 0.50% to 3.25%.
The available borrowing is reserved at Full Application stage, so to retain the existing reversion rate, please move any Maximum Borrowing Calculations (MBCs) or Decisions in Principle (DIPs) to Full Mortgage Application (FMA) to secure the loan before Friday 15th December.
If you have any questions, please contact us on our intermediary email [email protected] or call 020 4525 7754.