MPowered Mortgages has lowered its rates across its two and three-year fixed rate mortgage ranges.

On its residential two-year fixed products with a £999 arrangement fee, the lender has announced a 16 basis point reduction to all products at 75% LTV; and an 11 basis points reduction for all products at 85% LTV.

Two-year fixed products with a £0 arrangement fee have seen reductions by 21 basis points at 75% LTV, and 20 basis points at 85% LTV.

The lender has also expanded its LTV range on its two-year fixed rate range to include 60%  and 80% LTV products, in addition to its existing 75% and 85% offering.

Three-year fixed rate products with a £999 arrangement fee have also seen at 15 basis point reduction at both 75% and 85% LTV.