MPowered launches a green range with a 10bps discount


MPowered Mortgages has launched an Eco EPC range, which offers a 10 basis point discount on rates for all properties with an energy rating of A, B or C.

The digital platform indicates that the discount on its new green range is available on the range’s two, five and seven year fixed rate products (excluding multi-occupancy houses).

Initial rates start at 2.74% on two-year fixed mortgages, 2.84% on five-year fixed offers and 2.94% on seven-year fixed mortgages.

The firm adds that it offers free evaluations on the entire range, for a limited time.

Emma Hollingworth, MPowered Mortgages Director of Distribution, said: “We are delighted to launch our new Eco EPC line, which expands our already extensive product offering.

[The] COP-26 [climate change summit of world leaders in Glasgow that ended last month] has shown us that hard work lies ahead to make the world more sustainable, and the UK government itself has set itself the goal of being ‘net zero’ by 2050.

The housing market will play a key role in this, and by offering our new range of green products we are happy to play a small role in making the UK housing stock more sustainable.

The MPowered platform was launched by Guilford-based fintech MQube In March.

Previous Buy-to-Let Watch: Prepare Customers for Next Year
Next Half of FTBs delay buying a home: Equity Release Council