MPowered Mortgages has expanded its 0.3% cashback incentive to encompass its entire range of purchase products with fees, alongside its Legal assist range for remortgagers, up to 85% LTV.
This initiative marks MPowered as the sole lender in the market to provide a cashback percentage that escalates with the loan amount, directly benefiting customers based on their borrowing.
In addition to broadening the cashback scheme, MPowered Mortgages is committed to making mortgages more affordable by reducing rates by 20% across selected 2- and 3-year fixed rate products.
This rate reduction demonstrates the lender’s flexibility and responsiveness to market changes, setting it apart from traditional high-street lenders.
Matt Surridge (pictured), sales director at MPowered, said: “The launch of our variable cashback products has been received well by the market, so making more products available was a no-brainer for us. It further reflects MPowered’s mission to transform the mortgage process to make the house-buying journey as easy as possible for borrowers and brokers alike.
“Similarly, we are dedicated to bringing down rates wherever possible, and unlike high-street lenders, we can respond to even minor market fluctuations, enabling prompt adjustments to our products. Our continual ambition is to provide flexibility to ensure that every homebuyer can find the right product for them.
“Looking forward, we will continue to listen to brokers and to enhance, develop and expand our mortgage range in response to the varied needs of borrowers today.”
