MPowered Mortgages has announced that it has opened a new office in Leeds and hired 18 new staff to be based there.

As well as the opening of a new office, the lender has also more than doubled the office space of its Guildford headquarters, with an overall headcount increasing by 38 people since the start of the year.

MPowered Mortgages’ headcount has grown to 78 people since it was launched last year. The lender is part of the MQube group which was founded by CEO, Stuart Cheetham, and deputy CEO, Richard Fitch.

Since launch, MPowered Mortgages has also grown its network of broker partners to around 5,000 which includes brokers within Mortgage Advice Bureau and London and Country. It has also received financial backing from investors includingas Barclays, Citigroup’s SPRINT and M&G Investments, amongst others.

CEO, Stuart Cheetham, commented: “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.

“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.

“We look forward to continuing to grow our business and expand our footprint in the prime residential mortgage space as the first prime fintech mortgage lender to enter the mortgage market.”

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