New two- and three-year fixed product deal
Fintech mortgage lender MPowered Mortgages has introduced a new range of products for larger loans with increased cashback.
The range features a choice of two- and three-year fixed rate products with up to £1,500 cashback.
For all remortgage applications over £500,000, the range offers a £1,500 cashback, payable upon completion. For purchase applications over £500,000, borrowers will benefit from £1,000 cashback.
“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,” commented Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages.
“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.
“Moving forward, we will continue to develop and expand our range of products to meet the varied needs of borrowers today.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
