Fintech mortgage lender MPowered Mortgages has brought out a large loan range with heightened cashback of up to £1,500, with both two and three-year fixed rates to provide “much needed financial relief to our customers”.
The lender said that the range showed the “lender’s commitment to supporting consumers throughout the cost of living crisis”.
The cashback was previously £1,000 for two and three-year fixed rates.
For remortgage applications over £500,00 the range will offer £1,500 cashback payable upon completion.
For purchase applications over £500,000 borrowers can secure £1,000 cashback.
Emma Hollingworth, managing director of mortgages at MPowered Mortgages, said: “At MPowered, we are proud of the flexibility and choice we offer to ensure that every homebuyer and remortgager has the best chance possible of finding a product that is suitable for them.
“Particularly at a time when many consumers are having to tighten their purse strings in order to afford day-to-day living costs, our enhanced cashback offering on two and three-year fixes for larger loans will provide much needed financial relief to our customers.”
She continued: “Moving forward, we will continue to develop and expand our range of products to meet the varied needs of borrowers today.”
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.
