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MPowered Mortgages adds larger loan range with £1,500 cashback

  • 03/05/2023
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MPowered Mortgages adds larger loan range with £1,500 cashback
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.”

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