Mortgage and protection brokerage, Access Financial Services, has expanded its lender panel with April Mortgages’ range of long-term fixed rate mortgages.
April Mortgages provides 5, 10 and 15-year fixed rate products for home movers, remortgagors and first-time buyers.
Key product features include no early repayment charges for overpayments, home movers or clearing the mortgage using personal funds or inheritance. The lender also offers uncapped overpayments, automatic rate reductions as the LTV falls, and loan-to-income multiples of up to seven times. April also offers Interest Only+, a product designed to give borrowers more financial flexibility through lower monthly payments.
The lender brought out its 100% LTV mortgage deal earlier this summer to help more borrowers get onto the property ladder. The No Deposit Mortgage is targeted at borrowers who are finding it hard to save for a deposit, and do not have access to the Bank of Mum and Dad. The firm will lend up to 100% of a property’s value at 4.49 times income, on fixed terms of 10 or 15 years.
Nick Jones (pictured), mortgage sales and marketing director at Access FS, said: “As a fast-growing brokerage, Access FS is always keen to work with lenders who have a different approach, targeted products and innovative criteria. This is why we’re really pleased to be adding a vibrant business like April Mortgages to our panel. They’ll lend up to 7x a borrower’s income. They have zero deposit mortgages. They have 15-year fixed rate products. They have mortgages where the rate automatically reduces as borrowers pay down their loan. Their mortgages come with uncapped overpayments and no early repayment charges when borrowers moving home. The whole concept – of mortgages that give borrowers a combination of peace of mind and freedom – is very fresh and our borrower clients should appreciate it.”
Rachael Hunnisett, director of mortgage distribution at April Mortgages, added: “Partnering with distributors who share our vision of a simple, fair and transparent future for UK mortgage lending is key to our success. Access FS share that vision. We look forward to working closely with the Access FS team as we continue to drive innovation to bring peace of mind to borrowers.”
