Mpower’s mortgage has lowered interest rates on fixed mortgages.
These are the decline in swap rates following the announcement by Donald Trump, lenders said.
For new buyers, the two-year fixed interest rate is now 4.05%, loan-to-value (LTV) is £999, and the charge is 4.29% without fees.
Meanwhile, the three-year fixed interest rate is now 4.04% when it was 60% LTV, which costs £999 and 4.15% without fees.
The five-year fixed rate is now 4.14% when it was 60% LTV, and the fee was £999 without paying 4.28%.
“We have seen swap rates drop sharply since Trump announced the “Liberation Day” tariffs, which allowed us to lower fixed-rate mortgage rates,” said Stuart Cheetham, CEO of Mpowered Mortgages.
“While these tariffs may adversely affect the UK economy and the rise in prices puts additional pressure on UK households, the silver lining for mortgage borrowers will see interest rates drop in the next week.”
Elsewhere, interest rates for the five- and seven-year fixed-term purchase (BTL) products on Lendinvest mortgages have been reduced by 20 basis points.
The slowdown covers the entire five and seven years of BTL and the entire suite of bridge to LET products.
“At Lendinvest, we are committed to providing our clients with exceptional interest rate and adaptability solutions and empowering them with real estate investment ambitions,” said Paula Mercer, sales director at Lendinvest.
“The adjustment to our five- and seven-year tax rate is underscoring our commitment to strengthening the BTL division and providing landlords with attractive funding options regardless of the size of their portfolio.”
“We can also appreciate that today’s modern real estate investors are seeking to save time and money, which is why we have modified and updated our product transfer process to make a seamless transition from existing BTL products to new products.”
