MPowered Mortgages announces expansion in Leeds

It also extends its headquarters and hires more people

MPowered Mortgages announces expansion in Leeds

Fintech mortgage lender MPowered Mortgages has announced the opening of a new office in Leeds and the hiring of 18 new staff to be based there.

Aside from opening an office in Leeds, the lender has more than doubled the office space of its Guildford headquarters, with overall headcount increasing by 38 people since the start of the year.

The roles based in Leeds will be focused on enhancing MPowered Mortgages’ technology platform and range from lead developers to machine learning engineers reporting to the chief technology officer.

The mortgage lender has also hired for a range of operational roles including underwriters and completion specialists based in both its Leeds and Guildford offices. Its headcount has grown to 78 people since it was launched last year.

MPowered Mortgages was founded in 2021 and is part of the MQube group which was founded by chief executive officer Stuart Cheetham (pictured) and deputy CEO Richard Fitch.

The firm has launched a complex buy-to-let range aimed at individual landlords, limited companies, portfolio landlords and HMOs, and, most recently, its prime residential mortgage offering with a new cashback remortgage range.

Read more: MPowered Mortgages enters prime residential mortgage market.

Since launch, MPowered Mortgages has also grown its network of established broker partners to around 5,000, which includes brokers within Mortgage Advice Bureau and London & Country.

It has also received financial backing from high profile investors such as Barclays, Citigroup’s SPRINT, and M&G Investments, among other key investors.

“We are excited to be growing our workforce at a time when demand for mortgages prevails, as does the need for a smoother mortgage journey,” Cheetham said.

“Having just launched our prime mortgage range in April, the opening of our Leeds office and the expansion of our workforce is testament to our commitment to speeding up the mortgage process through the use of data science and technology and improving the mortgage journey for both brokers and their clients.”

Cheetham added that they look forward to continuing to grow the business and expanding its footprint in the prime residential mortgage space as the first prime fintech mortgage lender to enter the mortgage market.