"The decision reflects our optimistic outlook for the housing market over the next few months, and our determination to support homeowners at this challenging time to purchase a home or remortgage."
- Matt Surridge, sales director at MPowered Mortgages
MPowered Mortgages has reduced rates across its entire fixed rate mortgage range.
Two-year purchase now start from 4.52% at 60% LTV with a £999 arrangement fee, while remortgage rates start from 4.57%. Fee-free equivalent rates start from 4.69% for purchase and 4.84% for remortgage.
Three-year purchase rates have reduced to 4.42% at 60% LTV with a £1,999 fee and 4.67% fee-free, while remortgage rates have reduced to 4.49% with a £999 fee.
Five-year fixd rates are available from 4.42% at 60% LTV with a £1,999 fee and 4.44% fee-free. Remortgage rates start from 4.44% wth a £999 fee and 4.64% fee-free.
In addition to the new rates, all remortgage products come with a choice of either a £500 cashback or can benefit from the the lender's legal assist feature, which supports towards legal fees.
Matt Surridge, sales director at MPowered Mortgages, commented: “We are delighted to be able to reduce our fixed rate mortgage range at a time when most other lenders are raising mortgage interest rates. The decision reflects our optimistic outlook for the housing market over the next few months, and our determination to support homeowners at this challenging time to purchase a home or remortgage.
“As always, borrowers looking to take advantage of these new rates should seek independent professional advice to ensure a comprehensive understanding of the products on offer and how they match up to their requirements.”
