MPowered Mortgages has once again reduced rates, this time by up to 17 basis points (bps).
The most significant changes are with its two and three-year remortgage products, with three-years seeing most rates cut by 10-15 basis points, with the 70% and 75% £0 fee remortgage options both dropping by 17 basis points.
Its three-year 60% LTV remortgage £999 now starts from 4.25%, with the £0 fee option from 4.44%.
Rates have also been cut across the five-year space with a 65% five-year remortgage £0 fee now starting from 4.35%.
Stuart Cheetham, CEO of MPowered Mortgages ,said: “We’ve cut rates yet again for the third time this month, which is great news, but we’ve not just cut rates, we’ve cut rates where they matter! We’re focused on providing brokers and their customers with value across the LTV range rather than on just headline-grabbing rates which is why we’ve delivered these cuts across the core 60-80% LTV segment on the most popular products in our range.
“With great pricing in 5% LTV segments, brokers can look to match their customer’s borrowing requirements more closely with the LTV risk to achieve a better outcome. We’re unique amongst prime lenders for taking this approach to pricing and feel it achieves the best outcomes for customers.”
