MPowered cuts three-year fixes by up to 0.30%
The rate cuts impact both new purchase and remortgage three-year fixed rates.
"We have seen swap rates increase in the past 24 hours which could mean that lenders begin to increase mortgage rates towards the end of the month"
- Stuart Cheetham, CEO of MPowered Mortgages
MPowered Mortgages has announced its first rate reductions of 2025, cutting its three-year fixed rate mortgages for new purchase and remortgage residential customers.
Three-year new purchase rates now start from 4.19% at 60% LTV with a £999 fee and 4.36% with no fee.
Stuart Cheetham, CEO of MPowered Mortgages, said: "Since the start of 2025, we are seeing some mortgage lenders reduce mortgage rates which will be welcome news for borrowers and we are happy to say that we are one of those lenders.
"For those borrowers looking to take advantage of current stamp duty tax relief at the higher thresholds before they are withdrawn at the end of March, now could be an attractive time to secure a mortgage offer.
"That said, we have seen swap rates increase in the past 24 hours which could mean that lenders begin to increase mortgage rates towards the end of the month so the window to secure current deals could be tight.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Budget
Budget: Government introduces mansion tax on high-value homes
Budget
Budget: Government introduces £2,000 salary sacrifice cap
Lifetime Isa
Budget: Lifetime ISA to be scrapped in favour of new first-time buyer ISA
Budget
Budget: Property income tax to rise by 2%
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
