MPowered Mortgages has cut rates across the vast majority of its range of fixed-rate products, by up to 22 basis points. 

The digital lender says rates on its prime two-year fixed-rate offers will fall by up to 22bps, and will now start at 5.56% on purchases, and 5.86% for remortgages.  

Its suite of three-year fixed-rate deals have been reduced by 5bps, with rates now starting at 5.64% for purchasers and 5.59% for remortgages.   

The lender has also reduced all its rates on its five-year fixed-rate range by up to 15bps, with rates for purchasers starting from 5.34% and rates for remortgagers at 5.29%.  

Its ten-year fixed rates now start at 5.14%. 

MPowered Mortgages managing director of mortgages Emma Hollingworth says: “As the economic landscape remains unpredictable, we are delighted to be offering new competitive rates across our entire fixed-rate product range.  

“For borrowers looking to take advantage of these new rates, we would always encourage consumers to seek independent professional advice in order to ensure a comprehensive understanding of the products on offer and how they match up to their requirements.” 

Earlier this month, the firm launched a new range of rates at 90% loan to value, which includes up to £1,000 cashback and a free valuation. Rates on its 90% LTV range for two-, three- and five-year fixed-rate deals, now start at 6.23%, 5.92% and 5.59%, respectively. 

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