MPowered Mortgages has announced rate reductions across its suite of fixed rate products.
On its prime two-year fixed products, rates have seen reductions of up to 0.22%. Rates now start at 5.56% on purchases, and 5.86% for remortgagers. Rates on its range of three-year fixed products have been reduced by 0.05%. Rates begin at 5.64% for purchasers and 5.59% for remortgages.
MPowered Mortgages has also reduced all its rates on its five-year fixed range by up to 0.15%, with rates for purchasers start from 5.34% and rates for remortgagers at 5.29%.
Meawnwhile, the lender’s 10-year fixed rates now start at 5.14%.
The changes follow MPowered’s recent announcement that it has launched a new range of rates at 90% LTV which include up to £1,000 cashback and a free valuation. Rates on its 90% LTV range for two, three and five-year fixed rates now start at 6.23%, 5.92% and 5.59% respectively.
Emma Hollingworth, managing director of mortgages at MPowered Mortgages, said: “Central to our philosophy at MPowered is being able to keep our rates affordable for our customers, allowing them to achieve their home-owning ambitions. Particularly as the economic landscape remains unpredictable, we are delighted to be offering new competitive rates across our entire fixed-rate product range.
“For borrowers looking to take advantage of these new rates, we would always encourage consumers to seek independent professional advice in order to ensure a comprehensive understanding of the products on offer and how they match up to their requirements.”
