MPowered cuts fixed mortgage rates

MPowered Mortgages has reduced rates across its full suite of fixed mortgages.

Available from tomorrow, two year fixed rates start at 4.05% at 60% LTV with £999 fee and at 4.29% with no fee. 

Three-year fixed rates start at 4.04% with a £999 fee and 4.15% fee-free, while five-year fixes start at 4.14% at 60% LTV with a ee and 4.28% with no fee.

Stuart Cheetham (pictured), CEO of MPowered Mortgages, said: "Since Trump announced the 'Liberation Day' tariffs we have seen a sharp fall in the swap rates which has enabled us to reduce our fixed rate mortgage rates. 

"Whilst these tariffs could have a detrimental impact on the UK economy with increased prices putting extra strain on UK households, there is a silver lining for mortgage borrowers who will see rates come down over the coming week."