Changes afoot at MPowered Mortgages, and it’s excellent news if you’re looking to buy a home! The lender has just announced a significant cut across their mortgage rates, making it cheaper to borrow.

From 25th July onwards, you can bag yourself a better deal on both their two and three-year fixed-rate mortgages. We’re talking about reductions of up to 0.49%! That means you could get a three-year fixed-rate mortgage at a tempting 4.75% interest.

Here’s a breakdown of what’s on offer:

For those buying a home:

• 80% LTV: Rates starting from just 4.75% for a three-year fixed-rate mortgage with a £999 fee (down from 4.89%).
• Lower LTVs: Enjoy reductions of up to 0.08% on three-year fixed-rate mortgages. For example, a three-year fixed-rate with a £999 fee now starts at 4.39%. Prefer no fee? You can get a rate from 4.64%.
• Five-year fixes: Bag a bargain with reductions of up to 0.17% on five-year fixed-rate mortgages.

Looking to remortgage?

• 80% LTV: Secure a three-year fixed-rate from 4.98% with a £999 fee (down from 5.35%).

Matt Surridge, Sales Director at MPowered Mortgages, explained: “Over the past few months, we’ve been focusing on offering lower loan-to-value lending (75% and below). Now, with these competitive rates at 80% LTV, we want to provide even better options for those needing to borrow more. This move means MPowered can now go head-to-head with the biggest lenders in the UK.”

So there you have it! If you’re thinking of buying a home or remortgaging, it’s definitely worth checking out these new rates from MPowered Mortgages.