MPowered Mortgages has launched a range of 2-year tracker mortgages to provide homebuyers and remortgage customers with greater flexibility.
The new residential 2-year trackers start at 4.8% and are available up to 85% loan-to-value (LTV).
The rates will track the Bank of England base rate over the next two years and benefit from a boosted cashback of up to £1,000 for a limited time only.
The range also offers no early repayment charges and the option to product switch and move to a different MPowered product after six months.
MPowered Mortgages has expanded its product range in response to consumer needs in the current market.
All applications with MPowered include a free valuation, with loans available up to £1.5m and up to 85% LTV. Last month, the lender raised its maximum loan-to-income (LTI) ratio to 5.5 for employed applicants.
Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages, emphasised the importance of seeking financial advice from a mortgage broker to make the right choice for individual circumstances.
She said: “The launch of our tracker range further cements our commitment to expand our presence in the prime market as well as importantly working to get consumers the right outcomes based on their needs.”
