According to the lender, a 0.05% reduction will be offered on all 70% and 75% standard 5- year fixed products, with rates as low as 3.02% available. It will also offer reductions of up to 0.05% across its whole standard 2- year fixed rate range, with rates starting at 2.80%.
The firm is also offering reductions of up to 0.15% across its whole HMO product range, with rates starting at 3.04%.
Additionally, all reductions are also applicable to the lenders’ ECO EPC range. The ECO EPC range offers customers purchasing or remortgaging a property with an EPC rating of A, B or C a 0.1% reduction from standard rates. The range is available on all products, including HMOs.
MPowered continues to offer free valuations across all products, including on HMO properties and purchases. All products come with a 1.5% arrangement fee.
Emma Hollingworth, Distribution Director, MPowered Mortgages, comments: “We are excited to offer reduced rates on most of our 2- and 5- year fixed rate products, despite swap rates rising. We believe remortgaging is set to intensify in 2022, and these products offer borrowers a chance to lock in low rates, ahead of any potential future rate rises.”
