Fintech mortgage lender MPowered Mortgages has grown its residential range with the addition of two-year fixed tracker deals for homebuyers and remortgagers.
The two-year trackers start at 4.8 per cent and are available up to 85 per cent loan to value (LTV).
The deals also come with £1,000 cashback for remortgages and £500 cashback for purchases.
The cashback is available for a limited time only.
The deals also has no early repayment charges and customers have flexibility to product switch and move to a different MPowered product after six months.
Applications with MPowered Mortgages come with free valuation and the maximum loan size is £1.5m and up to 85 per cent LTV.
Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages, said: “The decision to opt for a tracker or fixed is very much based on individual circumstances, which is why seeking financial advice from a mortgage broker is so important.
“An independent adviser will be able to guide so that borrowers make the right choice for them.
She added: “At MPowered Mortgages, we want to be able to offer borrowers as much choice as possible so that we meet their needs in this fast-changing market, which is why we have expanded our product range to incorporate tracker mortgages.
“These products, like all others in our range, will only be available via a mortgage broker. The launch of our tracker range further cements our commitment to expand our presence in the prime market as well as importantly working to get consumers the right outcomes based on their needs.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
