"We have launched our new seven and 10-year fixed rates and rolling end-date products which are both aimed at providing both more certainty over monthly payments in the long run"
MPowered Mortgages’ new seven-year fixed rate products will launch with rates starting from 3.29% up to 75% LTV, while rates for the 10-year fixed rate products will start from 3.34% up to 75% LTV. Both the seven and 10-year fixed ranges include a free valuation with a choice of arrangement fee and £500 cashback options.
In addition, the mortgage provider has also introduced rolling end-dates across its entire residential offering of fixed rate products, ensuring borrowers always get a full fixed period of two, five, seven or 10 years even if there is a delay.
MPowered's two and five-year fixed rolling end-date products have initial rates starting from 3.17% and loans available up to 75% LTV.
Emma Hollingworth, distribution director at MPowered Mortgages, commented: “At a time when mortgage rates and the cost of living continue to rise, it’s crucial that lenders are responding to the needs of homebuyers and supporting them through this challenging time for purchasing a home.
"This is why we have launched our new seven and 10-year fixed rates and rolling end-date products which are both aimed at providing both more certainty over monthly payments in the long run as well as enabling homebuyers to get the full benefit of the fixed rate they sign up for. At MPowered Mortgages, we remain committed to both improving the homebuying journey and providing homebuyers with products that best meet their needs.”
