MPowered Mortgages has announced the launch of a new range of limited edition products, including five-year fixed rate products with reduced rates.
Rates for the lender’s five-year fixed products will now start from 2.94%, down from 3.04%, with the most significant reduction seen at 75% LTV, with rates reduced by 15bps to 3.09%.
MPowered has also released a new range of seven-year fixed rate products, starting from 3.04%. These products are now available at 50%, 60%, 70% and 75% LTV borrowing options, and all include a free valuation.
The lender confirmed it is offering free valuations across all its limited edition products, including on HMO properties and on purchases, and added that all products come with a 1.5% fee.
MPowered distribution director, Emma Hollingworth, commented: “We are excited to launch this new limited edition range of products, expanding our extensive product offering.
“With the next Bank of England Bank Rate decision to be announced in December, our new range of five and seven-year fixed rate mortgages will be attractive to prospective homebuyers and those looking to remortgage.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Pure Retirement and the role of lifetime mortgages
Senior content editor Dan McGrath is joined by strategic account manager at Pure Retirement, Tash Phillips, to discuss the lifetime mortgage market, the role of equity release in the industry and how the firm’s range of products, including its interest servicing lifetime mortgage, can serve the sector moving forward in the ever-changing lending space.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories