MPowered Mortgages cut rates by 0.10 percentage points after cutting them by as much as 0.27 percentage points earlier this month.
The rate cuts will see new customers benefit from a reduced three-year fixed rate range starting from 3.91% on a loan-to-value ratio (LTV) of 60%, costing £999. 
Meanwhile, further interest rate reductions apply up to 80% LTV.
Changes have also been made to the lender's range of mortgage refinance cashback mortgages, with two-, three- and five-year fixed rates being reduced by 0.05% across all LTV bands.
Our mortgage refinance cashback option currently offers lower interest rates and a cashback of £250 payable on completion.
Stuart Cheetham, chief executive of MPowered Mortgages, said: “Despite not cutting our base rate last week, we are continuing to reduce our interest rates today, which is great news for borrowers and will help stimulate the housing market.”
“As well as reducing our three-year offer, we've also taken the opportunity to align our refinance rates on our Legal Fee Saver and Cash Back mortgages, so we now offer the same great interest rates on both products, meaning borrowers only need to decide whether they want the Legal Fee Saver or Cash Back package.”
