MPowered Mortgages has lowered the rates of its two and three-year fixed mortgages up to 85 per cent loan to value (LTV).
The lender’s two-year fixes at 85 per cent LTV have been reduced by up to 0.05 per cent and now start from 4.99 per cent. Its prime two-year fixed deals at 80 per cent LTV have lowered in rate by up to 0.1 per cent, and now begin from 4.94 per cent.
Meanwhile, the lender’s three-year fixed product with a £999 arrangement fee has been cut by 0.07 per cent and is now priced at 4.77 per cent. This product is available at 75 per cent LTV.
All mortgages offer a free valuation while remortgage applications benefit from a £500 cashback incentive.
Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages, said: “As economic uncertainty persists into the new year, we continue to see it as a priority to provide as much financial relief as possible for those looking to buy a home or remortgage in the current climate.
“For both buyers and remortgagers, it is important to gain a comprehensive understanding of the mortgage products available to them in order to determine the one that best suits their individual circumstances. In this landscape, we’d always recommend working with a mortgage broker to ensure most appropriate solution is opted for.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
