MPowered Mortgages has announced new partnerships with Alexander Hall, LDNfinance and SPF Private Clients.

Each firm will now be able to offer MPowered Mortgages’ prime residential mortgages to their customers.

The customers of Alexander Hall, LDNfinance and SPF Private Clients, who can already access MPowered Mortgages specialist buy-to-let (BTL) range, can now also access the lender’s suite of prime residential products which includes two, five, seven and 10-year fixed rate offerings.

Customers can benefit from a free valuation on every application and a choice of no arrangement fee, as well as cashback options designed to ease the financial pressure of buying a home at a time when the cost of living continues to increase at pace. Rates currently start from 3.17%.

“We are delighted to be teaming up with Alexander Hall, LDNfinance and SPF Private Clients which not only demonstrates our commitment to growing our presence in the prime residential mortgage market, but also enables our prime range and mortgage platform to be accessible to as many homeowners as possible,” said MPowered Mortgages distribution director, Emma Hollingworth.

“We remain dedicated to revolutionising the mortgage process for brokers and customers alike.”

Over the past year, MPowered Mortgages has grown its network of established broker partners to around 5,000 in total, which also includes Mortgage Advice Bureau and London and Country. The lender has so far received investment backing from Barclays, Citigroup’s SPRINT arm and M&G Investments among other investors.

SPF Private Clients director, Gareth Lowman, commented: “We are delighted to be able to offer MPowered Mortgages’ residential range to our customers. Through this partnership, not only will we be able to offer our customers more choice, but also a faster application process and a smoother mortgage journey overall by using MPowered’s AI-driven platform.”

Technical adviser at Alexander Hall, Stephanie Daley, said: “As the cost of living continues to increase, now more than ever, homebuyers and their brokers are looking for more innovation and support from lenders. We’re looking forward to working with MPowered Mortgages, and are confident that its range of products and use of tech will enhance our ability to provide buyers with solutions beyond the big six banks that best cater to their specific needs and allow for quicker processing times.”

LDNfinance Chief Operating Officer, Greg Cunnington, added: “We’re delighted to be able to provide our customers with access to MPowered Mortgages’ forward-thinking mortgage platform which uses AI and data science to speed up the process of getting a mortgage.

“The mortgage industry has been notoriously slow to adopt technological solutions, and with brokers now facing more pressure than ever to secure mortgages, it’s more important than ever that lenders follow MPowered Mortgages’ lead to utilise technology to streamline the home buying process.”

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