MPowered Mortgages has announced another round of rate cuts!

This move means you could get a three-year fixed-rate mortgage with an interest rate starting at just 3.91%. This rate is available for those buying a home with a 60% loan-to-value (LTV) ratio and comes with a £999 arrangement fee. Don’t worry if you have a higher LTV; MPowered has also slashed rates for those borrowing up to 80% of their property’s value.

Cheaper Deals for Remortgagers Too

Thinking of switching your mortgage deal? MPowered has some tempting offers for you as well. The lender has reduced rates on its two, three and five-year fixed-rate remortgage deals across all LTV bands. Not only that, but you can now choose between two fantastic options:

• Cashback: Bag a cool £250 cashback upon completion of your remortgage.
• Legal Fee Saver: Save on those pesky legal fees.

Both options now come with the same low interest rates, giving you the flexibility to choose the best deal for your needs.

MPowered’s CEO, Stuart Cheetham, is keen to highlight the benefits for borrowers:

“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 three-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.”