MPowered Mortgages, a UK-based fintech lender, has announced a reduction in its three-year fixed mortgage rates. The new rates, which start at 5.24%, are available to borrowers with a loan-to-value (LTV) of up to 75%.
The rate reduction is part of MPowered’s commitment to making mortgages more accessible and affordable for borrowers. The company targets its three-year fixed rates at borrowers looking for stability and certainty in their monthly mortgage payments.
Matt Surridge, director of sales at MPowered Mortgages, said: “We are pleased to offer our customers a new range of three-year fixed rate mortgages at even lower rates. We know many borrowers seek stability and certainty in their monthly mortgage payments, and our three-year fixed rates offer just that.”
“We are also committed to making mortgages more accessible and affordable for borrowers, and our new rates reflect this commitment.”
The rate reduction from MPowered Mortgages is good news for borrowers looking for a three-year fixed-rate mortgage. The new rates are competitive with other lenders in the market, and they offer borrowers the stability and certainty of knowing what their monthly mortgage payments will be for the next three years.
The rate reduction also indicates that the mortgage market is becoming more competitive. Lenders are vying for borrowers’ business, leading to lower interest rates. Borrowers looking for a mortgage should compare rates from multiple lenders to get the best deal possible.
MPowered Mortgages’ rate reduction is good news for borrowers looking for a three-year fixed-rate mortgage. The new rates are competitive and offer borrowers the stability and certainty of knowing their monthly mortgage payments for the next three years. Borrowers should compare rates from multiple lenders to get the best deal possible.
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