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MPowered Mortgages - Power into 90% LTV Mortgages

Journalist: Newsteam, Newsteam

ended 01. September 2023

Following the news that MPowered Mortgages have launched a range of 90% LTV mortgages “designed to help your customers with smaller deposits secure the home of their dreams”, free UK news agency, Newspage, sought the views of brokers, which can be found below. Key highlights:

  • Rates from 5.74%
  • 2, 3 and 5-year fixed options available
  • Available for purchases and remortgages
  • Cashback boost - up to £1,000 cashback on loans £200k+
  • Free valuation on every application

3 responses from the Newspage community

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Editor
Darryl Dhoffer
Founder at The Mortgage Geezer
It's great to see one of the challenger banks up there, offering respectable products to borrowers at higher loan to values. Let's hope this trend continues, especially if SWAP rates continue to edge down as they have in recent days. In the current climate, brokers and borrowers alike will take any bit of good news.
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Katy Eatenton
Mortgage & Protection Specialist at Eatenton Finance
Yet more positive news in the mortgage market. It’s so nice to only receive positive emails from lenders, which is the trend currently. MPowered offer great products and great rates, and it's fantastic to see lenders fighting for business other than just the big 6.
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Ben Tadd
Director at Lucra Mortgages
Another welcome addition to the range of lenders to choose from for home buyers and first-time buyers alike. MPowered is now dipping its toe into the 90% loan-to-value market, looking to take advantage of the expectation that a greater amount of housing stock may well become available in the next 12 months, with more and more landlords looking to offload their portfolio of properties, freeing up some cheaper homes for first-time buyers to get onto the ladder.