MPowered Mortgages has reduced rates across its entire fixed-rate mortgage range. Rates for purchase on two years now start at 4.52%, down from 4.90%, with a £999 arrangement fee. For those looking to remortgage, rates start at 4.57% (down from 5.19%) with a £999 arrangement fee. For those who are not paying an arrangement fee, rates start from just 4.69% for purchases (previously 5.14%) and remortgages (previously 5.34%). The lender has also reduced rates across its three-year range, starting at 4.42% with a £1,999 arrangement fee for purchases and 4.49% with a £999 fee for remortgages. Five-year rates now start at 4.42% and 4.44% for purchase and remortgage products, with all products starting from 60% LTV.

Saltus has appointed Bronek Masojada as chairman, with the aim of supporting the firm’s growth agenda. He joins Saltus from Hiscox, where he worked as chief executive, bringing almost three decades of experience to the role. In his time at Hiscox, he led the firm from its beginnings in London to the £4bn market capitalisation business that it is today. As part of the role, Masojada will support the firm’s plans to scale the Saltus Partnership Programme, which was launched in September 2023, to provide flexible financial and operational support to independent financial planning businesses that are looking to grow, maximise profitability or considering succession.

Precise has made a number of changes across its buy-to-let (BTL) product ranges. The lender, which is part of the OSB Group, has reduced its currently tier 1 80% LTV BTL rates by 50 bps. The lender has also reintroduced tier 2 and tier 3 BTL products, with rates starting from 5.19%. These products are designed for BTL customers who have had challenges with their credit previously.

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