Brokerage to offer the lender's prime residential range to homebuyers and remortgagers
Fintech mortgage lender MPowered Mortgages has partnered with fintech broker Fluent Money.
Fluent Money, which was recently acquired by Mortgage Advice Bureau (MAB), will now have access to MPowered Mortgages’ full range of residential mortgage products for prime borrowers.
MPowered’s prime residential products include two-, five-, seven- and 10-year fixed rate mortgages. The lender offers free valuations on every application, and a choice of no arrangement fee, as well as cashback options, with rates currently starting from 3.17%.
Emma Hollingworth (pictured), distribution director at MPowered Mortgages, said they were delighted to be growing their reach in the prime residential mortgage market.
“We are extremely excited by the potential offered through this partnership with Fluent Money, whose leading edge fintech platform is both highly regarded and extremely popular with customers,” Hollingworth added. “We are pleased that the Fluent Money team, who share a common interest in simplifying the process of buying a home, have recognised the importance of our offering, aimed at both smoothing out the mortgage journey for homebuyers and mortgage borrowers alike, and agreed to partner with us.”
Daniel Payne, managing director of Fluent Money’s mortgage division, commented that the mortgage industry needs to get better at offering buyers a smoother mortgage journey.
“This is why we are delighted to be teaming up with MPowered Mortgages, whose goal is to revolutionise the mortgage process by using AI and machine learning to speed up the application process and offer customers a better experience,” Payne said.
Over the past year, MPowered Mortgages has grown its network of established broker partners to around 5,000 in total, including MAB and London and Country. It has received investment backing from Barclays, Citigroup’s SPRINT arm, and M&G Investments, among other key investors.