Legal & General Mortgage Club has partnered with new lender MPowered Mortgages, part of mortgage technology business MQube.
The move will allow the mortgage club’s members to access MPowered Mortgages’ range of specialist buy-to-let and portfolio products.
MQube launched its new mortgage origination platform, MPowered, last month, which uses advanced AI and learning technology to collate and analyse data for advisers.
Habito, West One Loans and Molo Finance, were added to L&G Mortgage Club earlier this year bringing the total panel to over 112 different bank and non-bank lenders.
Legal & General Mortgage Club head of lender relationships Danny Belton says: “We’ve 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.”
MPowered Mortgages distribution director Emma Hollingworth says: “Our mission as a business is to ensure that every participant in the UK mortgage market has access to the best-in-class technology available, to help them deliver for their clients. Given their prominent role in the market, our partnership with Legal & General Mortgage Club, which we are delighted to be announcing today, helps us to make a considerable stride towards the realisation of this goal.”
