MPowered Mortgages has announced that it has refreshed its product lineup with rate reductions on many of its 2- and 5-year fixed rate products.
Depending on the lender, a discount of 0.05% will be offered on all standard 5-year fixed products at 70% and 75%, with rates as low as 3.02%. It will also offer discounts of up to 0.05% across its range of standard 2-year fixed rates, with rates starting at 2.80%.
The company also offers discounts of up to 0.15% across its entire range of HMO products, with rates starting at 3.04%.
In addition, all discounts are also applicable to the ECO EPC range of lenders. The ECO EPC range offers clients who purchase or repay a property with an EPC rating of A, B or C a 0.1% discount from standard rates. The range is available on all products, including HMOs.
MPowered continues to offer free appraisals on all products, including properties and HMO purchases. All products come with a 1.5% arrangement fee.
Emma Hollingworth, Director of Distribution, MPowered Mortgages, comments: “We are pleased to offer reduced rates on most of our 2 and 5 year fixed rate products, despite rising swap rates. We expect remortgaging to ramp up in 2022, and these products offer borrowers a chance to lock in low rates ahead of any potential future rate hikes.