"We are also quick to react to news that might benefit our customers, particularly concerning the Bank of England base rate decisions, and endeavour to pass on lower rates as fast as we can."
- Matt Surridge, sales director at MPowered Mortgages
MPowered Mortgages has reduced rates across its purchase and remortgage ranges by up to 0.15%.
MPowered has reduced its entire range of two-year fixed rates, which now start at 4.76% (down from 4.87%) at 60% LTV with a £999 arrangement fee. Fee-free rates start from 4.99%, down from 5.09%.
For remortgagers, fee-free two-year fixed rates now start from 5.12% at 60% LTV, rising to 5.23% at 70% LTV.
All five-year fixed rates have also been lowered at 75% LTV and below for both purchase and remortgage. Purchase rates now start from 4.47% at 65% LTV with a £999 arrangement fee. Fee-free rates start from 4.55% at 65% LTV and 4.57% at 70% LTV.
For remortgagers, fee-free five-year fixed rates now start from 4.69% at 65% LTV and 4.74% at 75% LTV.
Matt Surridge, sales director at MPowered Mortgages, commented: “We pride ourselves on being a lender that is known for being fast and efficient with the service we offer brokers and their customers.
"We are also quick to react to news that might benefit our customers, particularly concerning the Bank of England base rate decisions, and endeavour to pass on lower rates as fast as we can.”
