MPowered Mortgages reduces 2- and 3-year fixed rate residential mortgage deals
MPowered Mortgages, the fintech mortgage lender using AI to speed up and simplify the mortgage journey for homebuyers and remortgagers, has today lowered rates across its two and three-year fixed ranges, and introduced new 10-year fixed products at 75% LTV.
On its residential two-year fixed products with a £999 arrangement fee, the lender has announced a 35 basis point reduction on all products at 60% and 75% LTV; and a 30 basis points reduction for all products at 80% and 85% LTV. Two-year fixed products with a £0 arrangement fee have seen reductions by 40 basis points at 60% and 75% LTV, and 35 basis points at 80% and 85% LTV.
Both its £0 and £999 arrangement fee three-year fixed rate products have also seen a 35 basis point reduction at 65% LTV, a 25 basis point reduction at 75% LTV and a 40 basis point reduction on all products at 80% and 85% LTV.
MPowered Mortgages has also expanded its 10-year fixed range, introducing new 75% LTV products with £0 fee and £999 arrangement fee options. Rates now start from 4.79%.
Emma Hollingworth, Managing Director of Mortgages at MPowered Mortgages, comments: “Lenders have an important role to play in supporting homebuyers and remortgagers during this difficult period and we urge all prospective homebuyers and remortgagers to seek advice now via a mortgage adviser, more than ever before.
“As the cost-of-living continues to squeeze finances, we see this as an important aspect of what we do and are delighted to be able to reduce our fixed rates today and will continue to do our utmost to keep these as low as we possiblycan.”