MPowered Mortgages has reduced rates across its suite of 5-year fixed products and introduced new 5-year mortgage products at 80% loan-to-value (LTV).
On its prime 5-year fixed products with a £0 arrangement fee, the lender has reduced rates by up to 0.65% – rates now start from 4.59%.
Rates on its £999 arrangement fee 5-year fixed products have also seen reductions of up to 0.50%, and now start at 4.49%.
Emma Hollingworth (pictured|), managing director of mortgages at MPowered Mortgages, said: “Despite the ongoing cost-of-living crisis, we are delighted to be able to offer homebuyers lower rates across our five-year fixed products.
“Being able to offer borrowers a level of financial respite will go a long way to easing some anxiety during this festive period.”
MPowered Mortgages’ new 5-year fixed rates at 80% LTV offer loans up to £1.5million and start from 4.64%.
All applications come with a free valuation, with remortgage applications also benefitting from £500 cashback on completion.
Hollingworth added: “For buyers and remortgagers who want advice navigating the ever-changing product landscape, we recommend working with a mortgage broker in order to gain a comprehensive understanding of the mortgage product best suited to their individual circumstances.”
