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Legal & General Mortgage Club has partnered with MPowered Mortgages, a newly launched lender which is part of MQube.
Members of the club and users of its SmartrCriteria tool can now access MPowered Mortgages’ range of specialist buy-to-let and portfolio products.
MPowered Mortgages uses advanced AI and deep learning technology to collate and analyse data for advisers.
Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “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.”
LiveMore cuts rates and ups minimum LTV requirement
By Gary Adams 7
th April 2021 12:11 pm
LiveMore has cut rates across its retirement interest-only mortgages and moved its lowest available LTV band up a notch.
Now available at 60 per cent LTV, up from 50 per cent LTV, the seven-year fixed rate has been reduced from 3.95 per cent to 3.55 per cent, the 10-year fixed rate from 4.25 per cent to 3.74 per cent, and the 20-year fixed rate from 4.35 per cent to 4.05 per cent.
Additionally, the lender’s five-year fixed rates now start at 3.40 per cent, down from 3.95 per cent. LiveMore adds that its lifetime fixed rate now starts at 3.90 per cent.
7
th April 2021 9:57 am
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
LiveMore has reduced its standard fixed-rates and widened its loan-to-value (LTV) bands.
It has launched seven, 10 and 20-year fixed rates at 3.55%, 3.74% and 4.05% respectively and 5-year fixes now start at 3.40% with the lifetime fixed at 3.90%.
Alison Pallett, director of sales at LiveMore, said: “Today is a huge day for LiveMore as with our new rates we’ll be able to help more borrowers aged over 55 who need an interest only mortgage.
“We have widened our lowest rate band from 50% to 60% LTV and at 75% we can lend more than any of our competitors and we have no maximum age limit. We are also able to accept income beyond a “traditional” retirement age where it’s plausible, particularly helpful for the self-employed or business owners.”