MPowered Mortgages has unveiled a new range of products for larger loans with bolstered cashback.

The new range features a choice of two and three-year fixed products with up to £1,500 cashback.

For all remortgage applications over £500,000, the range offers £1,500 cashback, payable upon completion. For purchase applications over £500,000, borrowers will benefit from £1,000 cashback.

Emma Hollingworth (pictured), managing director of mortgages at MPowered Mortgages, said: “At MPowered, we are proud of the flexibility and choice we offer to ensure that every homebuyer and remortgager has the best chance possible of finding a product that is suitable for them.

“Particularly at a time when many consumers are having to tighten their purse strings in order to afford day-to-day living costs, our enhanced cashback offering on two and three-year fixes for larger loans will provide much needed financial relief to our customers.

“Moving forward, we will continue to develop and expand our range of products to meet the varied needs of borrowers today.”