MPowered Mortgages has made new rate reductions across its suite of three-year fixed rate products. The lender’s purchase rates will now start from 5.29% with a £1,999 arrangement fee, from 5.39% for a £999 arrangement fee, and come with a £500 cashback for any borrowing over £200,000. For those remortgaging, rates start at 5.30% with a £1,999 fee, 5.40% at £999 and come with a £1,000 cashback for anyone borrowing over £200,000.

United Trust Bank (UTB) has restructured its buy-to-let product range to simplify the choice for brokers and enable customers to benefit from significantly lower pricing. The specialist lender has made some fundamental changes to how different property types fit into its standard, specialist and non-standard product categories. As part of this move, several property types have been moved into UT’s standard category and will now be eligible for rates up to 2.35% per annum lower than previously.

Specialist bridging, buy-to-let and commercial lender, Mercantile Trust, has launched a new fixed rate bridging finance option. The firm’s loans will be available on both a first and second charge basis from £25,000 throughout England, Wales, Scotland and Northern Ireland. Rates are available across Mercantile Trust’s entire bridging range, along with existing variable rate options, with a maximum loan-to-value of 75%, and 70% in Northern Ireland. There is no minimum term, with a maximum term of 18 months, and rates will start from 1.06% per month.

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