The lender said it would offer a 0.05 per cent reduction on all 70 per cent and 75 per cent standard five-year fixed products, with rates as low as 3.02 per cent being available. It said it would also offer reductions of up to 0.05 per cent across its entire standard two-year fixed rate range, with rates starting at 2.80 per cent.
Emma Hollingworth, distribution director for M Powered Mortgages, said: “We are excited to offer reduced rates on most of our two- and five-year fixed-rate products, despite swap rates rising. We believe remortgaging is set to intensify in 2022, and these products offer borrowers a chance to lock in low rates, ahead of any potential future rate rises.”
M Powered Mortgages is also offering reductions of up to 0.15 per cent across its HMO product range, with rates starting at 3.04 per cent.
The lowered rates also applied to the lender’s ECO EPC range, which gives clients who are buying or remortgaging a property with an EPC rating of A, B or C a 0.1 per cent reduction from standard rates.
M Powered Mortgages is offering free valuations on all products, including HMO properties and purchase, though all of its products come with a 1.5 per cent arrangement fee.