Legal & General Mortgage Club has announced a partnership with newly launched lender, MPowered Mortgages.
MPowered is part of mortgage technology business, MQube, and uses artificial intelligence (AI) and deep learning technology to collate and analyse data for advisers.
Members of Legal & General Mortgage Club and users of its SmartrCriteria tool will now have access to MPowered’s range of specialist buy-to-let and portfolio products.
The addition takes the total on the mortgage club’s lender panel to 112 different bank and non-bank lenders.
Legal & General Mortgage Club head of lender relationships, Danny Belton, commented: “We’re very pleased to welcome MPowered to our panel. They are a new entrant to the market but one which is using cutting-edge technology to drive our market forwards.
“Since the start of the crisis, we have seen how technology can help our sector and it is excellent to offer these products to advisers as in today’s busy mortgage market, the ability to quickly and efficiently make lending decisions will help to counteract delays.
“We are delighted to be able to offer such a wide range of lenders to advisers and look forward to working with MPowered as we continue expanding the range of products available to advisers.”
MPowered distribution director, Emma Hollingworth, added: “Our mission as a business is to ensure that every participant in the UK mortgage market access to the best-in-class technology available, to help them deliver for their clients.
“Given their prominent role in the market, our partnership with Legal & General Mortgage Club, which we are delighted to be announcing today, helps us to make a considerable stride towards the realisation of this goal.
“MPowered has been designed with brokers, not just for them, and we are pleased to be in a position to deliver further time and cost savings to brokers, through this partnership.”
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