MPowered Mortgages has revamped its product range with rate reductions across several of its two and five-year fixed rate products.

It will offer a 0.05 percentage point reduction on all 70% and 75% standard five-year fixed products, with rates from 3.02%. It will also offer reductions of up to 0.05 percentage points across its whole standard two-year fixed rate range, with rates starting at 2.80%.

MPowered Mortgages is also offering reductions of up to 0.15 percentage points across its whole HMO product range, with rates starting at 3.04%.

On top of this, all reductions are also applicable to MPowered Mortgages’ ECO EPC range. The ECO EPC range offers customers purchasing or remortgaging a property with an EPC rating of A, B or C a 0.1% reduction from standard rates. The range is available on all products, including HMOs.

MPowered Mortgages continues to offer free valuations across all products, including on HMO properties and purchases. All products come with a 1.5% arrangement fee.

Emma Hollingworth, distribution director of MPowered Mortgages, said: “We are excited to offer reduced rates on most of our two and five-year fixed rate products, despite swap rates rising. We believe remortgaging is set to intensify in 2022, and these products offer borrowers a chance to lock in low rates, ahead of any potential future rate rises.”