The Intermediary Mortgage Lenders Association (Imla) has named MPowered Mortgages as the latest member to join its fold.

This brings the total number of lenders under Imla to 65.

The digital mortgage company, which launched last year in the non-regulated buy-to-let space, was granted approval to move into prime residential mortgages by the Financial Conduct Authority earlier this month following investment from Barclays, M&G Investments and Citigroup’s SPRINT.

Imla executive director Kate Davies says: “We welcome MPowered Mortgages to Imla, where we value the diversity of our membership as we unite to effect positive change within the mortgage industry.

“We look forward to MPowered Mortgages’ contribution as we continue to work together to create an even brighter future, improving outcomes for our members, the industry and, of course, those whom we all serve, homebuyers.”

And MPowered distribution director Emma Hollingworth comments: “We are delighted to join Imla, an organisation which brings huge value to both its members and the wider mortgage industry.

“We are looking forward to taking part in the important conversations driving change within our sector – in particular, when it comes to the role of technology in offering both brokers and their customers a smoother homebuying experience.”