MPowered Mortgages cuts buy-to-let rates

MPowered Mortgages will offer a 0.05% reduction on all 70% and 75% standard five-year fixed products, with rates now starting at 3.02%. Rates have also reduced by 5bps across its whole standard two-year fixed rate range, with rates starting at 2.80%.

MPowered's entire HMO product range will see cuts of up to 0.15%, with rates starting at 3.04%.

All reductions are also applicable to MPowered Mortgages’ ECO EPC range. The ECO EPC range offers customers purchasing or remortgaging a property with an EPC rating of A, B or C a 0.10% reduction from standard rates. The range is available on all products, including HMOs.

MPowered Mortgages continues to offer free valuations across all products, including on HMO properties and purchases. All products come with a 1.5% arrangement fee.

Emma Hollingworth, distribution director at MPowered Mortgages, commented: “We are excited to offer reduced rates on most of our two and five-year fixed rate products, despite swap rates rising. We believe remortgaging is set to intensify in 2022, and these products offer borrowers a chance to lock in low rates, ahead of any potential future rate rises.”