MPowered Mortgages has cut its 3-year fixed rate mortgages for the fourth time since April 2025.
The lender’s new purchase customers will see 3-year fixed rates start at 3.88% with a 40% deposit and a £999 fee, or 4.08% with no fee.
These changes take effect from 9.00am tomorrow, 13th May.
Peter Stimson (pictured), head of product at MPowered Mortgages, said: “We are delighted to be cutting rates once again and believe our three-year fixed rates offer outstanding value in the market at present.
“Borrowers need to be aware that current mortgage deals might not be around for long as swap rates are now rising as tariff deals are now being struck, starting to allay some of the recessionary fears that were priced into the swap curves.
“We would urge borrowers to speak to a broker and secure a deal as soon as they can if they want to benefit from current rates.”
