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MPowered Mortgages increases foothold in prime residential market through partnership with leading brokers

mortgage adviser with clients

MPowered Mortgages, the fintech mortgage lender using AI to enhance the mortgage journey for homebuyers and remortgagers, today announces it has partnered with Alexander Hall, LDNfinance and SPF Private Clients all of which will now be able to offer MPowered Mortgages’ prime residential mortgages to their customers.

The customers of Alexander Hall, LDNfinance and SPF Private Clients, who can already access MPowered Mortgages specialist buy-to-let range, will now also have access to the lender’s suite of prime residential products which includes 2-, 5-, 7- and 10-year fixed rate mortgages and its recently launched £500 cashback range. Customers will benefit from a free valuation on every application, and a choice of no arrangement fee, as well as cashback options, designed to ease the financial pressure of buying a home at a time when the cost of living continues to increase at pace. Rates currently start from 3.17%.

The announcement reflects MPowered Mortgages’ ongoing commitment to expanding its reach in the prime residential market by broadening access to its platform, which harnesses the power of AI to make the mortgage application process quicker, easier and more certain for homebuyers and those remortgaging. Over the past year, MPowered Mortgages has grown its network of established broker partners to circa 5,000 in total, which also includes Mortgage Advice Bureau and London and Country. It has received investment backing from Barclays, Citigroup’s SPRINT arm and M&G Investments amongst other key investors, and celebrated its first birthday in April this year. The mortgage lender has also doubled its workforce in the past year and opened a new office in Leeds as it continues to enhance its platform and offering for both brokers and their customers.