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MPowered Mortgages, a fintech mortgage lender that uses AI to speed and simplify the mortgage process for homebuyers and remortgages, today announced that all brokers, networks and clubs across the country are in Prime Range. announced that it is now accessible.
Since entering the housing market last year, MPowered Mortgages has limited access to its products to a small number of distributors and brokers. However, as of today, MPowered Mortgages will allow all regulated advisors in the UK access to its full range of products. Mortgage clubs with access to this range include Legal & General, SimplyBiz, Dynamo, Connect, Ingard, Finova, Brilliant Solutions, TMA Club, The Money Group, TMA Club, John Charcol, Mortgage Force, Sense Network, Sesame Network, For example, PMS Mortgage Club. .
The news will come when the company has rebrand As a UK broker-only lender, it is in line with its ambition to expand its reach in the prime market and compete with the big banks for prime business.
MPowered Mortgages will enter the prime market in April 2022. We have continued to meet consumer needs by keeping our innovative interest rates as low as possible. Since the mini-budget, prices have been reduced by a factor of 10 overall, up to 150 basis points. It also launched a range of cashbacks, introduced products with an LTV of 85% and a £0 placement fee option to support buyers and those refinancing their mortgages during the cost of living crisis. . We offer fixed interest rates from 2 to 10 years, with current rates starting at 4.13%. We hope to continue expanding our reach to meet the ever-changing needs of our borrowers in this rapidly changing market.
Over the past year, £10m has been invested in the venture from companies such as Barclays, Citigroup’s SPRINT and M&G Investments. MPowered Mortgages continues to seek additional investors as it seeks to innovate its business specifically to meet consumer needs. , has invested in its technology platform. from the beginning of the year MPowered Mortgages has invested in technology with the goal of improving and speeding up the mortgage journey for brokers and their customers.