MPowered Mortgages has cut rates across its 3-year fixed rate range available to new borrowers, introducing a 3.75% fixed rate at 60% loan-to-value (LTV) with a £999 fee, the lowest rate the lender currently offers across its fixed rate range.
3-year fixed rates for new purchase borrowers have been cut across LTV bands including 60%, 65%, 70%, 75% and 80%.
Further cuts have also been made to select 2- and 5-year fixed rates for both remortgage and new purchase customers.
Stuart Cheetham, CEO of MPowered Mortgages, said: “We are delighted to be offering such a competitively priced fixed rate range.
“Our lowest rate as of today is our 3-year fixed at 60% LTV with a £999 fee at just 3.75%.
“Further cuts to fixed rates can only be good news for mortgage borrowers. Borrowers should always seek advice so that they find the best deal that meets their needs and based on true cost.”
