Fintech mortgage lender MPowered Mortgages has announced an increase in cashback on its 2- and 3-year fixed products for larger loans, offering up to £1,500 to support consumers during the ongoing cost-of-living crisis.
The new range offers £1,500 cashback for remortgage applications over £500,000 and £1,000 cashback for purchase applications over £500,000.
Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages, emphasised the company’s commitment to providing flexible and suitable mortgage products for all homebuyers and remortgagers.
Hollingworth 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 2- and 3-year fixes for larger loans will provide much needed financial relief to our customers.
“Moving forward, we will continue to develop and expand our range of products to meet the varied needs of borrowers today.”
