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MPowered ups cashback on 5-year products, cuts rates on 2-year fixes – Mortgage Strategy

by moneymarket
March 17, 2023
in Mortgage
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MPowered ups cashback on 5-year products, cuts rates on 2-year fixes – Mortgage Strategy
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MPowered Mortgages has elevated cashback on five-year merchandise and decreased charges on two-year mounted merchandise.

Throughout all five-year mounted merchandise, cashback has been boosted by £500.

This brings the entire cashback reward to £1,000 on each remortgage case, and £500 on each buy case.

Loans can be found from £200,000 as much as £1.5m, with charges ranging from 4.13%.

In the meantime, MPowered Mortgages has now simplified its prime two-year mounted merchandise with one fee as much as 85% loan-to-value (LTV), on its £0 charge, £999 charge and £1,999 choices.

Charges now begin from 4.64% for buy circumstances on £1,999 charge merchandise, down from 5.13% whereas for £999 charge circumstances charges now begin from 4.74% and 4.90% for £0 charge buy choices.

The lender has additionally decreased its two-year remortgage mounted charges.

For a two-year mounted product with out an association charge, charges now begin at 5.04% for remortgage merchandise at 85% LTV.

Remortgage merchandise with a £999 association charge and £1,999 association charge respectively have been decreased to 4.94% and 4.84% respectively.

MPowered Mortgages managing director of mortgages Emma Hollingworth feedback: “With the continued uncertainty within the mortgage market, it will be significant we proceed to help shoppers throughout the course of of creating one of many greatest and most impactful monetary selections of their lives.”

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