MPowered Mortgages has made wholesale cuts to its range of fixed rate mortgages ahead of the Bank of England’s base rate decision today.
The new rates launched yesterday (Wednesday 31st July) at 5.30pm.
5-year fixed rates start at 4.14% for 60% loan-to-value (LTV) with a £999 fee for new purchase customers.
Stuart Cheetham, CEO of MPowered Mortgages, said: “With the Bank of England decision clearly on a knife edge, we thought we’d give borrowers some good news in advance by reducing our fixed rate mortgages ahead of the announcement.
“The rate cuts are substantial, particularly in the 5-year space and are designed to offer very competitive rates across all LTVs, not just rate grabbing headlines!”
