MPowered Mortgages has cut rates across its mortgage offering in response to a fall in swap rates following President Trump’s ‘Liberation day’ tariff announcement.
The rate cuts will be effective from 9am on Tuesday 8th April 2025.
As part of the changes, 2-year fixed rates now start at 4.05% at 60% loan-to-value (LTV) with £999 fee and at 4.29% with no fee.
In addition, 3-year fixed rates now start at 4.04% at 60% LTV with a £999 fee and 4.15% with no fee, and 5-year fixed rates start at 4.14% at 60% LTV with a £999 fee and 4.28% with no fee.
Stuart Cheetham, CEO of MPowered Mortgages, said: “Since Trump announced the ‘Liberation Day’ tariffs we have seen a sharp fall in the swap rates which has enabled us to reduce our fixed rate mortgage rates.
“Whilst these tariffs could have a detrimental impact on the UK economy with increased prices putting extra strain on UK households, there is a silver lining for mortgage borrowers who will see rates come down over the coming week.
“As always, borrowers should seek independent financial advice before deciding on a mortgage deal.”
