MPowered Mortgages has expanded its prime residential offering with the launch of seven and 10-year fixed-rate mortgages.
The new seven-year fixed-rate products will launch with rates starting from 3.29% up to 75% loan-to-value (LTV) with a £1,999 fee, while rates for the 10-year fixed-rate products will start from 3.34% up to 75% LTV with no fee.
Both the seven- and 10-year fixed ranges include a free valuation with a choice of arrangement fee and £500 cashback options.
MPowered Mortgages has also introduced rolling end-dates across its entire residential offering of two-, five-, seven- and 10-year fixed-rate products, to allow homebuyers to benefit from fixed mortgage payments for the full fixed period.
The two- and five-year fixed rolling end-date products have initial rates starting from 3.17% and loans available up to 75% LTV.
The lender also recently announced its expansion by opening a new office in Leeds as well as its new £500 cashback remortgage range.
MPowered Mortgages distribution director Emma Hollingworth says: “At a time when mortgage rates and the cost of living continue to rise, it’s crucial that lenders are responding to the needs of homebuyers and supporting them through this challenging time for purchasing a home.”
“This is why we have launched our new seven- and 10-year fixed rates and rolling end-date products which are both aimed at providing both more certainty over monthly payments in the long run as well as enabling homebuyers to get the full benefit of the fixed rate they sign up for.”