Breaking News
The more you borrow, the more you earn with new cashback mortgages
MPowered Mortgages, the prime residential mortgage lender using technology to speed up the mortgage process, has today launched cashback of 0.30% on all loan sizes up to £1.5 million. Unlike the majority of mortgage products on the market which offer fixed cashback on completion, with this product the more you borrow the more you earn in cashback up to £4,500.
Starting at just 4.28% at 75% LTV, the five-year fixed rate comes with a £999 arrangement fee. At 80% LTV the rate is 4.38%.
Additionally, should borrowers decide to pay the mortgage early, MPowered Mortgages will not claw back cashback at any stage during the fixed rate period.
Stuart Cheetham, CEO at MPowered Mortgages comments:
“We are excited to be the only mortgage lender to offer cashback as a percentage of the loan size. We anticipate this will be particularly attractive to Londoners and those in the South who generally have higher loan sizes than the rest of the UK.
“When borrowers day-to-day expenses are rising, a percentage cashback product should enable borrowers to overcome some of the additional costs of moving home as the cashback back payment is paid to the customer as soon as they complete on the mortgage.”
People In This Post
Companies In This Post
- The 4th Financial Innovation Forum – Payments & RegTech Arrives in London Read more
- Double UK eCommerce Award Shortlisting for Ecommpay Read more
- Candescent Appoints Donald Chesnut as Chief Design Officer to Drive Digital Innovation Read more
- Meanwhile Sees Unprecedented Demand for BTC Life Insurance, Offers Policy With 0.25 BTC Minimum Read more
- Global Payments Announces the Launch of its Genius™ for Enterprise POS Solution Read more
Delfi Launches Optimal Duration Index (ODIN): A New Compass for Lending Decisions
Delfi, the AI-native risk management platform for financial institutions, has introduced the Optimal Duration Index (ODIN), a benchmark designed to bring clarity to loan origination decisions in today’s uncertain interest rate environment.
Apiture Wins 2025 Finovate Awards “Best SMB/SME Banking Solution”
Apiture, a leading provider of digital banking solutions, has been recognized as the “Best SMB/SME Banking Solution” at the 2025 Finovate Awards. This program honors the financial institutions and companies driving fintech innovation forward and the individuals bringing new ideas to life.
BIMBANK Deploys BPC’s Advanced SmartVista Enterprise Fraud Management Solution to Become Mauritania’s Leader in Real-time Fraud Protection
BIMBANK, Mauritania's leading Islamic bank and one of the pioneers in digital banking, has chosen the advanced SmartVista Fraud Management solution from BPC, a global leader in payment solutions, to implement enterprise-wide fraud prevention, fully comply with the requirements of the Central Bank of Mauritania, and ensure real-time protection across its cards, core banking, and digital channels.
L&G App is Now the Highest-rated Workplace Pension app in the UK
The L&G App, which supports its 5.7 million workplace pension members, is now the UK’s highest-rated workplace pension app, with 4.8 stars on iOS and 4.9 stars on Android. The milestone comes as the app marks its first anniversary.
Sumsub AI Academic Program: First-of-Its-Kind Partnership With Constructor University to Combat Deepfake Fraud
Sumsub, a global leader in verification and fraud prevention, today announces a pioneering research partnership with Constructor University, a distinguished German institution renowned for its interdisciplinary approach.
Pathward and Oportun Extend Lending Partnership
Pathwar announced the extension of its partnership with Oportun which now runs through 2029
Charm Security and Give an Hour Unite AI and Mental Health Expertise to Fight Scams
Charm Security and Give an Hour have partnered to address the financial and psychological harms of scams and financial crime
The 4th Financial Innovation Forum – Payments & RegTech Arrives in London
The 4th Financial Innovation Forum – Payments & RegTech is one of the best Payments, RegTech and compliance events in the UK, bringing together leading experts in payments, compliance, and financial services innovation.
Double UK eCommerce Award Shortlisting for Ecommpay
Ecommpay, has been shortlisted in two categories of the UK eCommerce Awards that celebrates outstanding platforms
Candescent Appoints Donald Chesnut as Chief Design Officer to Drive Digital Innovation
Candescent announced that Donald Chesnut has been named Chief Design Officer to develop exceptional digital experiences and innovation
Meanwhile Sees Unprecedented Demand for BTC Life Insurance, Offers Policy With 0.25 BTC Minimum
Meanwhile announced an update to its flagship Ten-Pay Whole Life policy, lowering the minimum from 1.0 BTC to 0.25 BTC
Global Payments Announces the Launch of its Genius™ for Enterprise POS Solution
Global Payments announced that its Genius solution for enterprise customers is available in the U.S.
Upbound Group Announces Appointment of Chief Growth Officer
Upbound appointed Ms. Rebecca Wooters to the newly created role of Chief Growth Officer
UPS and American Express Announce Collaboration at the Intersection of Logistics and Payments
UPS and American Express announced an expanded agreement to help small businesses grow and drive commerce in their communities