MPowered Mortgages, the one day mortgage lender, has cut its full suite of fixed mortgage rates in response to a sharp fall in swap rates following President Trump’s “Liberation Day” tariff announcement.
The rate cuts will be effective from 9.am on Tuesday 8 April 2025.
Fixed rates for new Purchase customers now stands at with a two year fixed rates now start at 4.05% at 60%LTV with ยฃ999 fee and at 4.29% with no fee.
Three-year fixed rates now start at 4.04% at 60% LTV with a ยฃ999 fee and 4.15% with no fee.
Five-year fixed rates now start at 4.14% at 60% LTV with a ยฃ999 fee and 4.28% with no fee.
Stuart Cheetham, CEO of MPowered Mortgages said, “Since Trump announced the “Liberation Day” tariffs we have seen a sharp fall in the swap rates which has enabled us to reduce our fixed rate mortgage rates.
“Whilst these tariffs could have a detrimental impact on the UK economy with increased prices putting extra strain on UK households, there is a silver lining for mortgage borrowers who will see rates come down over the coming week.ย As always, borrowers should seek independent financial advice before deciding on a mortgage deal.”
Leave a Comment