MPowered Mortgages has made further cuts to its mortgage range, seeing rates come down by up to 0.10%.
New customers will benefit from cuts to the lender’s 3-year fixed rate range which now starts at 3.91% for 60% loan-to-value (LTV), with a £999 arrangement fee, while further rate cuts apply to LTVs up to and including 80% LTV.
Changes were also made to the lender’s remortgage cashback range, with all 2-, 3- and 5-year fixed rates reduced by 0.05% across all LTV bands.
In addition, this product now comes with a lower rate and a £250 cashback payable on completion.
Stuart Cheetham, CEO of MPowered Mortgages, said: “Despite no reduction in the base rate last week, we are still reducing our rates today which is great news for borrowers and will help to stimulate the housing market.
“As well as reducing our 3-year offering we’ve also taken the opportunity to align our Legal Fee Saver and cashback mortgage remortgage rates by now offering the same great rates on both products.
“This means all borrowers now have to decide is whether to take the Legal Fee Saver package or the cashback one.”
