MPowered Mortgages has lowered three-year fixed rates for new purchase and remortgage residential deals by up to 0.3%.
Three-year fixed purchase rates begin at 4.19% at 60% loan to value (LTV) with a £999 fee and 4.36% at 60% LTV with no fee.
The changes will come into force from 5:30pm on 9 January.
It is the first batch of rate cuts for the year, with the lender last lowering rates at the start of December.
Stuart Cheetham, CEO of MPowered Mortgages, said: “Since the start of 2025, we are seeing some mortgage lenders reduce mortgage rates, which will be welcome news for borrowers, and we are happy to say that we are one of those lenders.
“For those borrowers looking to take advantage of current stamp duty tax relief at the higher thresholds before they are withdrawn at the end of March, now could be an attractive time to secure a mortgage offer.
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“That said, we have seen swap rates increase in the past 24 hours, which could mean that lenders begin to increase mortgage rates towards the end of the month, so the window to secure current deals could be tight.”
