Tag: MPowered
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This Week’s Best Mortgage Rates – 18th July 2024
Mortgage rates are falling, which means cheaper deals for homebuyers and those looking to remortgage. Here’s what you need to know this week. There’s good news for anyone looking to buy a house or remortgage, as some of the UK’s biggest lenders have been slashing their rates. Over the past week, Halifax, TSB and Barclays…
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MPowered Announces More Mortgage Rate Cuts
MPowered Mortgages has slashed their two-year fixed rates for the second time in a week, offering a glimmer of hope to homebuyers facing a challenging market. This welcome news comes as a response to soaring demand, with double the number of people looking for two-year fixed rates compared to last year. What are the new…
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Two-Year Mortgage Deals Double in Popularity as Buyers Bet on Falling Rates
Homeowners are increasingly turning to two-year fixed-rate mortgages in a gamble that interest rates will fall in the near future. New data from online mortgage lender MPowered Mortgages has revealed a surge in popularity for shorter-term fixes. In the first half of 2022, just 21% of movers opted for a two-year fixed rate deal. This…
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Best Mortgage Rates This Week as Deals Flood Back!
Good news for buyers and sellers! The mortgage market is finally getting back to normal. After months of chaos, things are finally looking up. The number of different mortgages on offer has soared to a 16-year high, meaning more choice and better deals for you. The average mortgage rate is holding steady, meaning no nasty…
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Best Mortgage Rates This Week, as Election Looms
Nervous buyers are holding back, but mortgage rates are dropping. Is now the time to make your move? The latest figures from the Bank of England show that getting a mortgage is still a challenge for many, with the number of people getting mortgages approved for house purchases dropping slightly from 60,800 in April to…
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MPowered Cuts Mortgage Rates After Bank of England Holds
MPowered Mortgages has announced a major cut to its fixed-rate mortgages following the Bank of England’s decision to keep interest rates on hold. This means you could bag yourself a cheaper deal whether you are buying a new home or looking to remortgage your existing property. Here’s the lowdown: Two-Year Fixed Rate Deals: Five-Year Fixed…
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Experts Predict Mortgage Rate Squeeze – What are the Best Deals This Week?
Good news and bad news for those looking to get on the property ladder as house prices have risen for the second month in a row. The average price of a UK home rose by 1.1% in April, following a 0.9% increase in March, according to the latest figures from the Office for National Statistics…
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Two-Year Fix vs. Five-Year Fix – The Mortgage Showdown!
Homeowners and buyers are facing a tough decision: should they lock in a mortgage rate for two years or five? Last year, most people went for two-year fixes, betting on rates dropping quickly. But now, with rates expected to stay higher for longer, five-year fixes are looking more tempting. What’s Going On With Mortgage Rates?…
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MPowered Mortgages Reduces Rates
MPowered Mortgages has announced cuts to its fixed mortgage rates. The company has reduced rates across its 2-year and 5-year fixed rate ranges For those considering locking in their mortgage rate, MPowered now offers more attractive terms. Starting from a lowered rate of 4.37%—a drop from the previous 4.59%—the 5-year fixed rate range is looking…
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MPowered Mortgages Lowers Loan Rates
MPowered Mortgages has announced a reduction in their fixed rate mortgage offers, making home financing a bit more accessible in these challenging economic times. This move includes cuts of up to 0.65% across various mortgage products, which could mean considerable savings for borrowers. MPowered Mortgages’ latest adjustments span both three-year and two-year fixed rate plans,…