On the new customer side, the lender has brought out exclusive two and five-year fixed rates with £1,999 fee from 5.53 per cent. These are available for loans between £1m and £2m up to 75 per cent loan to value (LTV).
Two and five-year buy-to-let fixed rates up to 60 per cent LTV have relaunched with rates from 5.75 per cent.
Rates for capital and interest two and five-year fixed rates with £999 fee between 75 and 90 per cent LTV have been cut by 0.3 per cent, with pricing starting from 5.45 per cent.
Interest-only two and five-year fixed rates between 75 and 80 per cent LTV have had their rates lowered by 0.16 per cent, now starting from 5.55 per cent.
Professional and newly-qualified professional two and five-year fixed rates two and five-year fixed rates have been reduced by 0.15 per cent, with pricing starting from 5.64 per cent.
Clydesdale Bank’s OVR discounted offset products rates have decreased from 0.4 per cent and will start from 3.79 per cent.
On the product transfer side, Clydesdale Bank has brought out new exclusive two and five-year fixed rates with £1,999 fee up to 75 per cent LTV for loans between £1m and £2m, with rates starting from 5.53 per cent.
The lender has also reduced rates between 65 and 95 per cent LTV with £499 fee by up to 0.3 per cent, and are available from 5.26 per cent.
Fee-saver products between 65 and 95 per cent LTV have had their rates lowered by up to 0.15 per cent. Pricing starts from 5.49 per cent.
Clydesdale Bank’s OVR discounted offset products have been reduced by 0.40 per cent and are available from 3.79 per cent.
MPowered Mortgages adds three and seven-year fixed rate options
Fintech mortgage lender MPowered Mortgages has launched residential three and seven-year fixed rates, available for purchase and remortgage.
The products complement the lender’s existing range of fixed rate residential mortgages, including two, five and 10-year fixed rate mortgages. The lender reduced such rates by up to 0.76 per cent last week.
Its three-year fixed rates will start from 5.44 per cent, whilst its seven-year fixed rates begin from 5.24 per cent. Both are available up to 85 per cent LTV.
They both come with a free valuation and a choice of zero arrangement fee. Remortgage applications will also benefit from £500 cashback.
Emma Hollingworth, managing director of mortgages at MPowered Mortgages, said: “Offering homebuyers and remortgagers more options with competitive rates at a time when choosing a mortgage has never been so tough is crucial. This is why we are expanding our range of fixed rate products.
“Many homebuyers still want certainty over their monthly payments both in the short and long term, so it’s important that we continue to respond to their needs. At MPowered Mortgages, we remain committed to both improving and speeding up the homebuying journey using the power of AI as well as providing them with products that best meet their needs.”
