MPowered Mortgages has announced the launch of a new partnership with fintech broker, Fluent Money.

The move will mean that Fluent Money, which was recently acquired by Mortgage Advice Bureau (MAB), will now have access to MPowered’s full range of residential mortgage products for prime borrowers.

Over the past year, MPowered has grown its network of established broker partners to around 5,000 in total, including MAB and London and Country. It has received investment backing from Barclays, Citigroup’s SPRINT arm and M&G Investments amongst other key investors.

MPowered’s prime residential products include two, five, seven and 10-year fixed rate mortgages. Customers can access a free valuation on every application and a choice of no arrangement fee, as well as cashback options, with rates starting from 3.17%. The fintech mortgage lender said its products are designed to ease the financial pressure of buying a home at a time when living costs continue to rise.

“We are delighted to be growing our reach in the prime residential mortgage market, and we are extremely excited by the potential offered through this partnership with Fluent Money, whose leading edge fintech platform is both highly regarded and extremely popular with customers.

“We are pleased that the Fluent Money team, who share a common interest in simplifying the process of buying a home, have recognised the importance of our offering, aimed at both smoothing out the mortgage journey for homebuyers and mortgage borrowers alike, and agreed to partner with us.”

Managing director of Fluent Money’s Mortgage division, Daniel Payne, added: “Offering buyers a smoother mortgage journey is crucial – we as an industry need to get better at this. This is why we are delighted to be teaming up with MPowered, whose goal is to revolutionise the mortgage process by using AI and machine learning to speed up the application process and offer customers a better experience.”

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