Legal & General Mortgage Club has today announced a partnership with MPowered Mortgages, a newly launched lender which is part of MQube, a mortgage technology business. Members of Legal & General Mortgage Club and users of its SmartrCriteria tool can now access MPowered Mortgages’ range of specialist Buy-to-Let and portfolio products, providing improved levels of choice for advisers. The announcement follows the addition of Habito, West One Loans and Molo Finance, earlier this year.
MPowered Mortgages uses advanced AI and deep learning technology to collate and analyse data for advisers. The addition of MPowered Mortgages will bolster Legal & General Mortgage Club’s lender panel, bringing the total to over 112 different bank and non-bank lenders.
Danny Belton, Head of Lender Relationships, Legal & General Mortgage Club commented,
“We’re very pleased to welcome MPowered Mortgages 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 Mortgages as we continue expanding the range of products available to advisers.”
This post has originally been featured in Property Wire.