See the latest announcement from MPowered Mortgages below. Note that you can access MPowered Mortgages via the Brilliant Solutions mortgage club. Visit their broker portal/website here. Criteria guide Products and Documentation Area
Affordability update: Borrow more with MPowered
Great news! We’ve updated our affordability assessment, meaning your customers could borrow more with us.
These changes could increase the maximum affordable loan by up to 20%*.
Use our affordability calculator to see how much your customer could borrow.
How much more could your customer borrow?
See how our new affordability assessment could boost your client’s maximum affordable loan on an average £220,000 loan:
25-year term –NEW max affordable loan: £257,400, Affordability increase: £37,400 (+17%)
30-year term – NEW max affordable loan: £261,800, Affordability increase: £41,800 (+19%)