MPowered Mortgages has introduced new limited edition products, with rates across its five-year fixed rate products reduced by up to 0.15 pecentage points.

Rates for five-year fixed products now start from 2.94%, down from 3.04%, with the most significant reduction seen at 75% LTV, with rates reduced by 15bps to 3.09%.

MPowered Mortgages has also released a new range of seven-year fixed rate products, starting from 3.04%. The seven-year fixed rate products are now available at 50%, 60%, 70% and 75% LTV borrowing options, and include a free valuation.

The provider is also offering free valuations across all limited-edition products, including on HMO properties and on purchases. All products come with a 1.5% fee.

Emma Hollingworth (pictured), distribution director at MPowered Mortgages, said: “We are excited to launch this new limited-edition range of products, expanding our extensive product offering. With the next Bank of England Bank Rate decision to be announced in December, our new range of five and seven-year fixed rate mortgages will be attractive to prospective homebuyers and those looking to remortgage.”