MPowered Mortgages will offer a 0.05% reduction on all 70% and 75% loan-to-value (LTV) standard 5-year fixed products, with rates starting from 3.02%.

It will also offer reductions of up to 0.05% across its whole standard 2-year fixed rate range, with rates starting at 2.80%.

It is also offering reductions of up to 0.15% across its whole house in multiple occupation (HMO) product range, with rates starting at 3.04%.

All reductions are also applicable to MPowered Mortgages’ ECO EPC range, which offers customers purchasing or remortgaging a property with an Energy Performance Certificate (EPC) rating of A, B or C a 0.1% reduction from standard rates.

The range is available on all products, including HMOs.

Emma Hollingworth, distribution director of MPowered Mortgages, said: “We are excited to offer reduced rates on most of our 2- and 5- year fixed rate products, despite swap rates rising.

“We believe remortgaging is set to intensify in 2022, and these products offer borrowers a chance to lock in low rates, ahead of any potential future rate rises.”