MPowered Mortgages has further reduced rates on its two and three-year fixed products. Rates on its prime two-year fixed products, rates now start at 5.31% on purchases, and 5.61% for remortgages with a £999 arrangement fee. For customers looking for a two-year fixed product without an arrangement fee, rates now start at 5.72% for both purchases and remortgages. For the three-year fixes, rates begin at 5.14% for those looking to purchase a new home and 5.15% for those remortgaging. All applications include a free standard valuation, with £500 cashback on selected homebuyers’ products on loans above £200,000.

Suffolk Building Society has launched a new five-year fixed rate expat buy-to-let (BTL) mortgage is available at 6.39%. The product at 80% LTV has a minimum and maximum loan size of £75,000 and £1m respectively, with an application fee of £199 and a completion fee of £1,499. The lender has also launched a new two-year product at 6.29% for self-builder borrowers who require a large loan sze of £1m-2m. Available at 70% LTV, it comes with an application fee of £199 and a completion fee of 0.15% of the total loan amount. After the initial period, this product has a revert-to rate of the society’s SVR minus 0.50% (with a 3% floor) for 36 months.

Leeds Building Society has made further improvements to rates on its 75% and 80% LTV mortgage products. This follows on from the Bank of England’s decision to hold interest rates at 5.25% for the second time consecutively. As part of the changes, the society’s two-year fixed rate mortgage is available at 5.23% at 75% LTV with a £999 fee. The product at 80% LTV is also available at 5.60%, also with a £999 fee. Leeds Building Society is the fifth-largest building society in the UK and had assets of £26.9bn as of 30 June 2023.

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