MPowered Mortgages cuts 3 & 5yr rates to under 4%

Published on

MPowered Mortgages has made cuts to its mortgage range which see rates for three and five-year mortgages fall below 4%.

New customers qualify for the lender’s lowest rate which is its five-year fixed rate mortgage at 60% LTV. This has been reduced to 3.87% with a £999 arrangement fee and 3.97% with no fee.

Its three-year fixed rate mortgage at 60% LTV has been cut to 3.99% with a £999 fee and 4.17% with no fee.

Two-year rates at 60% LTV have been cut to 4.24% with a £999 fee and 4.44% with no fee.

The cuts have been made across two, three and five-year fixed rates for both remortgage and new purchase customers and across all LTV bands with increases by 5% from 60-80% LTV.

Stuart Cheetham, CEO of MPowered Mortgages said: “We are delighted to be cutting rates yet again, now offering sub-4% rates across three and five-year fixed rates. With lenders cutting rates literally daily, at the moment, this is great news for borrowers making it an ideal time to purchase a home as well as bringing welcome relief to homeowners who are due to remortgage.

“Borrowers should always seek advice so that they find the best deal that meets their needs and based on true cost.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...