You are here: Home - News -

Longer-term fix lender April Mortgages launches purchase range

by:
  • 20/05/2024
  • 0
Longer-term fix lender April Mortgages launches purchase range
April Mortgages, a lender that offers Dutch-style longer-term mortgages, has released a range of purchase deals.

Now, all firms registered to advise on April Mortgages’ products can offer clients house purchase and remortgage options. This includes purchase products with terms of five, seven, 10, 12 and 15 years. 

The lender has agreed partnerships with Stonebridge, HLPartnership and Legal and General Mortgage Club, and integrated with mortgage technology firms OhPen and Mortgage Brain. 

Its rates start from 5.35%, and there are no early repayment charges (ERCs). Remortgage options are available up to 85% loan to value (LTV) or 95% LTV for purchase.

James Pagan, director of product and portfolio management at April Mortgages, said: “After a successful launch, we are delighted our house purchase mortgage range is now available through HLPartnership and Stonebridge networks – offering even more borrowers the option to choose ‘peace of mind’ when organising their mortgage.

“Rates start from 5.35% across five-, seven-, 10-, 12- and 15-year fixed terms and, as with the rest of our current range, there are no early repayment charges for borrowers when they are moving house, overpaying, paying off lump sums or redeeming in full using their own funds. Better still, mortgage rates can automatically become lower as the borrower pays down on their loan.” 

He added: “The house purchase products are available for loans between £50,000 and £1m up to 40 years and up to 95% LTV. There are no valuation fees for properties up to £750,000 in Greater London and £500,000 in the rest of England and Wales. 

“I’m really excited to see our full range now available to our select distribution partners, and we look forward to extending these partnerships over the coming months. We absolutely believe that certainty and flexibility are key for borrowers in what remains a difficult market.” 

April Mortgages is backed by Dutch asset manager DMFCO. It offers brokers a competitive proc fee of 0.45% and an additional annual service fee five years after a mortgage has completed. It also offers additional fees for product transfer and further lending.

There are 0 Comment(s)

You may also be interested in