All applications come with a free valuation and a £500 cashback for remortgage applications on completion
Fintech lender MPowered Mortgages has reduced rates on its residential two-year fixed 80% and 85% loan-to-value (LTV) ranges, as well as its three-year fixed 75% LTV products.
On its prime two-year fixed products at 80% LTV, the lender has slashed rates by up to 0.10%, with rates now starting from 4.94%. The two-year fixed products at 85% LTV have also seen reductions of up to 0.05%, and now start at 4.99%.
Rates on its £999 arrangement fee three-year fixed product have also been reduced by 0.07%, and now start at 4.77%.
All applications come with a free valuation, with remortgage applications also benefitting from £500 cashback on completion.
Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages, said they were delighted to be able to offer homebuyers and remortgagers reduced rates across their two- and three-year fixed products.
“As economic uncertainty persists into the new year, we continue to see it as a priority to provide as much financial relief as possible for those looking to buy a home or remortgage in the current climate,” Hollingworth added.
“For both buyers and remortgagers, it is important to gain a comprehensive understanding of the mortgage products available to them in order to determine the one that best suits their individual circumstances. In this landscape, we’d always recommend working with a mortgage broker to ensure most appropriate solution is opted for.”
The lender also made rate reductions last month across its two- and three-year fixed ranges, while introducing new 10-year fixes.
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