LiveMore has launched a new 3+2-year fixed rate mortgage, designed to give customers aged 50 to 90+ greater control over their borrowing. The products offers the security of a five-year fixed rate with the freedom to exit after three years without penalty. Early repayment charges (ERCs) apply only in years one to three on a sliding scale of 5%, 4% and 3%. In years four and five, there are no ERCs. Initial rates for the product start from 5.58%.

MPowered Mortgages has cut rates on its fixed mortgages for the third time since the start of April. As a result, new two-year purchase customer rates start from 3.94% with a £999 fee and 4.19% with no fee. MPowered’s three-year mortgage rates start from 3.89% with a £999 fee and 4.09% with no fee, while its five-year fix starts from 4.04% with a £999 fee and 4.17% with no fee. All products are available from 60% LTV.

Pepper Money has returned to the buy-to-let (BTL) market with a renewed product suite centred around maximising inclusive mortgage solutions for landlords. For limited company and individual landlords with up to 10 properties, rates start from 4.99% with a maximum of £4m in total borrowing. Furthermore, the lender has improved its maximum loan size, which is now available up to £2m at 65% LTV or below. Its BTL mortgages offer a LTV of up to 80% LTV with properties with an EPC rating of between A to C, 75% of those with EPC ratings of D and 70% LTV with those of an EPC rating of E.

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