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 8th April 2025.
Fixed rates for new Purchase customers:
Two year fixed rates now start at 4.05% at 60%LTV with £999 fee and at 4.29% with no fee.
Three-year fixed rates now start at 4.04% at 60% LTV with a £999 fee and 4.15% with no fee.
Five-year fixed rates now start at 4.14% at 60% LTV with a £999 fee and 4.28% with no fee.
Stuart Cheetham, CEO of MPowered Mortgages says: “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. As always, borrowers should seek independent financial advice before deciding on a mortgage deal.”
