The Right Mortgage & Protection Network has added long-term fixed rate mortgage lender, April Mortgages, to its panel.
The Right Mortgage's member firms will now have access to April’s full range of five to 15-year fixed rate mortgages with flexible terms for home movers, remortgagors and first-timer buyers, including its 100% LTV mortgage.
April's products come with a number of criteria highlights including no ERCs for moving home or overpaying or clearing the mortgage in full from their own funds or an inheritance, uncapped overpayments, automatically reducing rates as the LTV reduces, and up to seven times loan-to-income multiples.
All products are available on a repayment basis however the lender also offers a specific interest-only and part-and-part product offering, Interest Only+.
Adviser firms will have direct access to underwriters and can also utilise April’s range of services available via its website including full details on criteria and rates, its AffordAbility+ Calculator and rate drop calculator, plus a range of broker user guides.
Victoria Clark, head of lending at The Right Mortgage & Protection Network, commented: “At The Right Mortgage we are always keen to work with lenders who have a unique range of products and criteria, and who want to distribute through professional advisers. This is why we’re very pleased to be adding April Mortgages to our lender panel today; they offer long-term fixed rate mortgages with a twist, in terms of the amount they can lend, the ability of the borrower to make overpayments, and a different approach to ERCs. We’re looking forward to working with April and to helping them outline their proposition to our member firms.”
Rachel Hunnisett (pictured), director of mortgage distribution at April Mortgages, added: “We pride ourselves on working with partners that can ensure our product offering is well placed with their clients. Our proposition requires true and top tier advice from advisers to best serve their clients, that’s why we are so selective about our panel. With The Right Mortgage network, we feel we have another really strong distributor who can guide their clients in a professional manner to achieve their homeownership goals. We’re all excited to see The Right Mortgage relationship develop further.”
