MPowered Mortgages: Finding the best rates is essential when it comes to obtaining a mortgage for your new house or refinancing your current one. To assist you fulfil your desire to purchase a house, MPowered Mortgages recognises the value of providing reasonable rates. The newest products from MPowered Mortgages, including their three-year fixed-rate solutions, will be discussed in this article. This information will enable you to make an informed choice whether you’re a first-time home buyer or thinking about refinancing.
Providing the Most Current Rates
Recent rate cuts at MPowered Mortgages have affected a number of its three-year fixed-rate packages. The potential to save money and make their mortgage journey more reasonable is excellently presented by these decreased rates for borrowers.
Rates for Loans under £200,000
For individuals seeking loans under £200,000, MPowered Mortgages offers two attractive options:
1. 5.34% with a £999 Fee: This option is perfect for those who prefer a lower upfront fee while still enjoying competitive rates.
2. 5.64% Fee-Free: If you wish to avoid any arrangement fees, this rate allows you to do so while keeping your interest rate reasonable.
Rates for Loans over £200,000
For borrowers with larger loan requirements, MPowered Mortgages offers the following choices:
1. 5.24% with a £1,999 Arrangement Fee: This option provides a lower interest rate for loans over £200,000, though it comes with a slightly higher arrangement fee.
2. 5.34% with a £999 Arrangement Fee: If you want to minimize your upfront costs while still securing a competitive rate, this choice is ideal for you.
Three-Year Fixes for Remortgagers
If you’re considering remortgaging, MPowered Mortgages has tailored offerings to suit your needs:
1. Up to 75% LTV with a £999 Arrangement Fee: For remortgages with a maximum loan of £200,000, you can enjoy a competitive 5.35% interest rate while paying a modest arrangement fee.
2. Fee-Free at 65% LTV: If you prefer not to pay an arrangement fee, MPowered Mortgages offers a 5.59% interest rate for remortgages at 65% LTV.
3. 90% LTV Option: For those with a higher loan-to-value ratio, you can secure a 6.04% interest rate at 90% LTV, ensuring there’s an option for everyone.
All remortgage deals for loans under £200,000 come with an additional incentive – £500 cashback.
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Special Rates for High-Value Remortgages
For borrowers looking for a remortgage loan with a minimum value of £200,000, MPowered Mortgages has the following options:
1. Up to 75% LTV with a £1,999 Arrangement Fee and £1,000 Cashback: This option combines a competitive 5.25% interest rate with a generous cashback offer.
2. 75% and 90% LTV with a Lower Arrangement Fee: If you prefer a lower arrangement fee of £999, rates start from 5.35% at 75% LTV and 5.80% at 90% LTV, providing you with flexibility in your choice.
The MPowered Mortgages Difference
MPowered Mortgages has always been committed to offering competitive rates, and these latest reductions underscore their dedication to helping borrowers in today’s challenging market conditions.
Matt Surridge, the Sales Director at MPowered Mortgages, emphasizes the importance of seeking independent professional advice when exploring these new rates. This ensures that borrowers have a comprehensive understanding of the products on offer and how they align with their specific requirements.