April Mortgages praised after completing 15-year fixed rate deal

April Mortgages has been praised for the security and peace of mind it offers after supporting a borrower with a 15-year fixed rate mortgage

Related topics:  Long Term Mortgages,  Lending
Editor | Modern Lender
18th June 2024
April Mortgages

April Mortgages has been praised for the security and peace of mind it offers after supporting a borrower with a 15-year fixed rate mortgage.

April Mortgages provided the borrower with a £580,000 mortgage, fixed at a rate of 4.99% over 180 months, at 60% LTV.

The borrower specifically wanted a long-term fixed rate in order to protect himself from future interest rate movements, as well as the peace of mind it provides.

The case was introduced by Staffordshire-based AMG Financial Solutions, an appointed representative of HLPartnership.

April Mortgages brings certainty and security to borrowers and advisers alike, delivering fixed rate terms ranging from five to 15 years, available up to 95% LTV. Borrowers enjoy confidence over their outgoings, with built-in flexibility - their fixed rate will reduce automatically over time as the borrower drops into a lower LTV bracket, while there are also no Early Repayment Charges for those who repay the mortgage when moving house or using their own funds.

Advisers also enjoy peace of mind through not only a procuration fee when introducing the case, but also an Annual Service Fee paid each year from the fifth anniversary of the product start date.

Lewis Jackson from AMG Financial Solutions commented:

“When the client made clear their preference for a long-term fixed rate, there was no question that April Mortgages would be the best option. The fact that the client could secure the rate over such a long period, without the threat of early repayment charges, was particularly appealing - it means they enjoyed the security they needed, without the risk of paying large fees during the term.

“The process was tremendous as well. Even though there were a few issues during the application, the fact that April offered direct access to the underwriter on the case meant that problems could be discussed and resolved instantly.”

Mark Eaton, Chief Operating Officer at April Mortgages, said:

“This case is a great example of the unique way in which April Mortgages can support borrowers across the UK. The borrower had seen the interest rate uncertainty of the last few years, and valued the ability to secure a competitive rate for the long-term, while the adviser was clear that April was the best option for their needs.

“We are passionate about providing peace of mind to borrowers and advisers alike. Borrowers will see their mortgage rate fall as they pay off the balance or as their property price increases, while advisers enjoy an ongoing income from clients placed with April. Everyone involved enjoys greater certainty and security, and we look forward to continuing to spread the April Mortgages message with greater numbers of advisers in the months ahead.”

April Mortgages recently expanded its distribution, rolling out its full mortgage range to members of HL Partnership, adding to its pre-existing partnerships with Stonebridge and Legal & General.

Popular this week
More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.