MPowered Mortgages has cut its 2-year fixed rate range by up to 0.30%, effective from 5.30pm today (Monday 28th October).
Last Thursday, the lender cut its 3-year rates by an equal amount, with rates starting from 3.93%.
2-year rates for new purchase customers, now start from just 4.11% at 60% loan-to-value (LTV) with a fee of £999.
In addition, 2-year rates for remortgage customers start at 4.29% at 60% LTV with a £999 fee.
Stuart Cheetham, CEO of MPowered Mortgages, said: “Swap rates have continued to rise in the last week, especially in the 5- and 10-year space as the Chancellor’s Autumn Budget draws near and financial markets are nervous.
“Despite this, we are still reducing our 2-year rates today following on from our 3-year fixed rate reductions last week.
“We urge borrowers to seek independent financial advice before making any decisions when it comes to their mortgage especially during this time of mortgage rate volatility.”
