Rates now start from 5.29%
Fintech lender MPowered Mortgages has further reduced rates across its entire suite of three-year fixed rate products.
The lender said its purchase rates now started from 5.29% with a £1,999 arrangement fee, and 5.39% for a £999 arrangement fee. It added that for any borrowing over £200,000, rates started from 5.39% and came with a £500 cashback.
For those remortgaging, rates started at 5.30% with a £1,999 fee, 5.40% at £999, and came with a £1,000 cashback for anyone borrowing over £200,000.
“At MPowered, we are looking to try and pass on rate reductions at every opportunity to our customers,” stated Matt Surridge (pictured), who was recently promoted as director of sales at MPowered Mortgages. “In a market where choices can be difficult for brokers and their customers at present, they are choosing between a short-term fixed rate and the security of a longer term fixed.
“MPowered is pleased to offer a new lower three-year fixed range in what is proving an increasingly popular alternative that seeks to offer the best of both worlds.
“MPowered is a broker-only lender, and we know that borrowers get the best advice going through brokers, which is why we urge borrowers to seek independent professional advice in order to ensure they understand the products on offer and how they match up to their requirements.”
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