MPowered Mortgages has made further rate reductions across its entire range of three-year fixed-rate products.    

The platform lender says purchase rates start from 5.29%, with a £1,999 arrangement fee, and 5.39% for a £999 arrangement fee.  

It adds that agreements come with a £500 cashback for customers who borrow over £200,000.  

The firm says for remortgagers, rates start at 5.30% with a £1,999 fee, 5.40% at £999 and come with a £1,000 cashback for anyone borrowing over £200,000.  

The business reduced its three-year range in early August.  

MPowered Mortgages director of sales Matt Surridge says: “In a market where choices can be difficult for brokers and their customers at present choosing between a short-term fixed-rate and the security of a longer-term fix.   

“MPowered is pleased to offer a new lower three-year fixed-rate range in what is proving an increasingly popular alternative that seeks to offer the best of both worlds.”  

“MPowered is a broker-only lender and we know that borrowers get the best advice going through brokers which is why we urge borrowers to seek independent professional advice in order to ensure they understand the products on offer and how they match up to their requirements.”