He will head up the lender's product development
Longer-term lender April Mortgages has appointed James Pagan (pictured) as director of product and portfolio management.
Pagan, who played a central role in the launch of April Mortgages, has extensive experience in building and managing mortgage propositions, making him well-suited to oversee the development of long-term fixed-rate mortgages.
As director of product and portfolio management, he will be crucial in developing innovative products aimed at reducing stress for borrowers and mortgage advisers.
His appointment follows that of Mark Eaton, who was recently named chief operating officer.
“I’m thrilled to be heading up product development at April Mortgages, and continuing to build awareness of the benefits that certainty and flexibility can deliver to mortgage advisers and borrowers,” Pagan said.
“My experience so far in the mortgage market has given me a great insight into why we so badly need these products, and how they can provide genuine security and comfort to everyone involved. For too long, it has been difficult for borrowers to benefit from longer term fixed rates in the UK, but we are determined to change that.”
April Mortgages offers fixed rates across five- to 15-year terms, with loans available up to a maximum of 95% loan-to-value (LTV). It also adjusts the borrower’s interest rate when they move into a lower LTV band, either through mortgage repayment or house price growth, aiming to provide long-term certainty and stability.
“April Mortgages is committed to its mission of offering an alternative to the frenetic, stressful experience of short-term fixed rates, for both borrowers and mortgage advisers,” Eaton said.
“James has been an integral part of April Mortgages’ journey thus far, and his experience means we will continue to be at the forefront of genuine product innovation as we deliver longer-term fixed rates that will shake up the mortgage market.”
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