MPowered Mortgages has extended its 0.3% cashback offering across various products with fees up to 85% loan to value (LTV).

The 0.30% cashback is now available for all MPowered purchase products with a fee, as well as its legal assist range for customers looking to remortgage up to 85% LTV.

MPowered said it is the only lender offering a percentage cashback in the market that increases as the loan size increases and reflects the amount a customer borrows.  

As well as extending the cashback offer, the lender has also reduced their rates by 20 basis points across selected two- and three-year fixed rate products.

MPowered sales director Matt Surridge said: “The launch of our variable cashback products has been received well by the market, so making more products available was a no-brainer for us. It further reflects MPowered’s mission to transform the mortgage process to make the house-buying journey as easy as possible for borrowers and brokers alike.”