The range includes deals from at 5.35%
Longer-term residential lender April Mortgages has introduced a new range of house purchase mortgage products, now available to all registered firms.
The range includes both house purchase and remortgage products styled after the Dutch model, with rates starting at 5.35% and fixed terms ranging from five to 15 years.
The products are now accessible through HL Partnership and Stonebridge networks, offering several benefits, including no early repayment charges when moving house, overpaying, paying off lump sums, or redeeming in full using personal funds. Additionally, mortgage rates can automatically decrease as borrowers pay down their loans.
The house purchase products cover loans between £50,000 and £1 million, with terms up to 40 years and up to 95% loan-to-value (LTV). Properties up to £750,000 in Greater London and £500,000 in the rest of England and Wales incur no valuation fees.
James Pagan, director of product and portfolio management at April Mortgages, announced the launch and expressed satisfaction with its initial success.
“I’m really excited to see our full range now available to our select distribution partners,” Pagan said. “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.”
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