MPowered Mortgages has reduced rates on several of its 3-year fixed rate products.
For buyers looking for loans under £200,000 without an arrangement fee, rates now start from 5.64%. With a £999 arrangement fee, rates begin at 5.34%. For loans exceeding £200,000, the starting rates are 5.24% with a £1,999 arrangement fee and 5.34% with a £999 fee.
For remortgagers, fixed loans up to £200,000 now start at 5.35% at 75% LTV with a £999 arrangement fee. Without an arrangement fee, rates start at 5.59% on a 65% LTV, going up to 6.04% for those on a 90% LTV. All these remortgage deals for loans below £200,000 come with £500 cashback.
Remortgage loans over £200,000 now start at 5.25% for a 75% LTV with a £1,999 fee, including a £1,000 cashback offer. With a £999 arrangement fee, rates start at 5.35% for a 75% LTV and go up to 5.80% for a 90% LTV product.
Matt Surridge (pictured), sales director of MPowered Mortgages, said: “We always do our best to continue to keep rates as low as possible as we want to support remortgagers and those looking to purchase a property amid challenging market conditions.
“Borrowers looking to take advantage of these new rates should seek independent professional advice in order to ensure a comprehensive understanding of the products on offer and how they match up to their requirements.”
