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MPowered Mortgages claims to be the fastest mortgage lender on the market, because it uses artificial intelligence or AI to speed up applications for borrowers.
HSBC UK has hired Emma Hollingworth as head of specialist lending. Hollingworth has worked in the intermediary mortgage market for 29 years, most recently as managing director of AI-driven lender Mpowered Mortgages where she was responsiblie for overseeing the company's inception, end to end delivery for customers
First Direct is the latest major mortgage lender this year to announce it is cutting mortgage rates with two deal going under 4%.
There were few surprises when the Bank of England held the base rate at 5.25% for the fourth month. The BoE’s Monetary Policy Committee voted to hold rates at their September level, after raising the base rate 14 times from its 0.1% historic low in December 2021. Commenting on the MPC’s decision Market Financial
Mpowered Mortgages has expanded its prime residential offering by launching 85% loan-to-value (LTV) mortgages. The new 85% LTV range will be available across its prime residential products, which include two-, five- and 10-year fixed rates that come with cashback options, a free valuation, and rolling end dates.