MPowered Mortgages has reduced rates on its residential two-year fixed 80% and 85% loan-to-value (LTV) ranges and its three-year fixed 75% LTV products.

On its prime two-year fixed products at 80% LTV, the lender has reduced rates by up to 0.10%, with rates now starting from 4.94%.

Its two-year fixed products at 85% LTV have also seen reductions of up to 0.05% and now start at 4.99%.

Rates on its £999 arrangement fee three-year fixed product have also been reduced by 0.07%, starting at 4.77%.

All applications come with a free valuation, with remortgage applications also benefitting from £500 cashback on completion.

MPowered Mortgages managing director of mortgages Emma Hollingworth comments: “We are delighted to be able to offer homebuyers and remortgagers reduced rates across our two- and three-year fixed products.”

“As economic uncertainty persists into the new year, we continue to see it as a priority to provide as much financial relief as possible for those looking to buy a home or remortgage in the current climate.”