New managing director appointed by MPowered Mortgages

June 4, 2025 by Alan

News

MPowered Mortgages has announced the appointment of a new managing director of mortgages, with the company having opted to promote from within instead of hiring a new person.

The man that has earned this promotion is Peter Stimson, who was previously employed by MPowered as its product head. While working in that position, he was central to the development of its slate of products and its future customer strategy. Now he will be taking charge of the mortgage proposition for the lender and will have twin responsibilities. Stimson will be managing both the technology side of things and the lender’s dealings with mortgage advisors. He will be expected to grow both of them.

He certainly has plenty of industry experience to bring to the role, having worked within the mortgage sector for over 20 years. That has included positions at many of the biggest mortgage lenders in the country.

Talking to Financial Reporter following the announcement of his promotion, Stimson stated that MPowered was in an exciting position right now. He then continued by saying:

“Our ‘One Day Mortgage’ proposition has redefined what we can achieve in mortgage lending which is fast and seamless mortgage journeys, and I’m thrilled to lead the charge as we continue to make home-buying faster, simpler and smarter for brokers and borrowers alike.”

Stuart Cheetham from MPowered added that Stimson’s grasp of technology made him the perfect man for this job.

Advisors who have the CeMAP qualification will be aware of the need for top quality support, if they are to deliver for clients.