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April Mortgages hires Burke as director of risk and compliance
Long-term fixed rate lender April Mortgages has appointed Stephanie Burke as its director of risk and compliance.
The lender said this appointment would provide “greater peace of mind to the mortgage market”.
Burke has over a decade of experience in the financial services sector. She joins from Selina Finance, where she worked for four years, most recently as head of risk and compliance.
Prior to that, she worked at Trussle as a senior compliance manager for three years.
Burke has also worked on the advisory side of the sector, having been a senior mortgage associate at Private Finance for a year-and-a-half and a trainee mortgage adviser at Alexander Hall for just over a year.
April Mortgages launched to the market in February with its range of fixed rates on terms of five to 15 years.
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Its range is available up to 95% loan to value (LTV), with a rate that automatically falls as borrowers move into lower LTV brackets.
There are no early repayment charges (ERCs) for borrowers who redeem the mortgage when moving home or overpayment charges when borrowers use their own funds.
April Mortgages also pays brokers a proc fee five years after the mortgage has completed and if the borrower wants a further advance.
Last month, the lender hired Mark Eaton as its chief operating officer.
April Mortgages ‘shaking up’ the market
Burke (pictured) said: “April Mortgages is shaking up the mortgage market, and I’m excited to join the team at such an early stage in its journey.
“Financial wellbeing has never been more important than it is now, and April’s products offer security and stability for longer fixed periods and flexibility that rewards existing customers. April offers peace of mind to borrowers, allowing them to actually plan for their futures without the stress of remortgaging every two years or the uncertainty of interest rate changes.
“The UK mortgage market is geared towards advisers recommending the cheapest product to customers for the short term, rather than considering the financial and mental health benefits of long-term certainty. Something I really like about April’s product is that it has been designed to offer the adviser long-term certainty and peace of mind too, so they feel supported by April to do the right thing for their customers.”
Eaton added: “It’s been an exciting start for April Mortgages, and our mission to spread peace of mind across the mortgage market has been warmly received by advisers and borrowers alike. We are building a fantastic team, and Stephanie’s experience will be integral in helping us make a real difference.”