Sesame Network has added April Mortgages to its lender panel.
Appointed representatives of Sesame can now advise on April’s full suite of mortgage solutions, including its No Deposit mortgage and high loan-to-income products, which provide loans of up to seven times income to eligible borrowers.
April’s No Deposit mortgage, launched earlier this year, is aimed at well-qualified borrowers who pass April’s affordability and credit checks, but who face barriers to homeownership due to limited savings.
In June, Sesame appointed its first dedicated adviser recruitment team to accelerate growth and attract new members.
Toni Smith, director of Sesame at Sesame Bankhall Group, said: “We’re pleased to welcome April Mortgages to our panel. Their focus on longer-term fixed rates and 100% LTV products gives our members even more strings to their bow when it comes to supporting first-time buyers. In the current market, where affordability pressures and deposit hurdles remain a challenge, it’s vital that brokers have access to innovative options that can open the door to homeownership.
“While longer-term fixed rates with flexibility such as that offered by April are relatively new to the UK, there is undoubtedly a growing need for the security they offer, and we are committed to seeking out lender partners who think differently and provide solutions to real-world problems. By working with providers like April, we’re making sure our brokers have all the tools they need to deliver outstanding advice and help more clients achieve their homeownership goals.”
Rachael Hunnisett (pictured), director of mortgage distribution at April Mortgages, said: “Our ambition is to modernise the UK mortgage market, with products that offer flexibility when life changes, and peace of mind for the long-term. Following successful launches earlier this year, such as 7x LTI and ‘No Deposit’ 100% LTV. When it came to identifying a distribution partner who had a deep understanding of how our longer-term products unlock a broader range of options for UK borrowers, Sesame stood out.”
“We have been delighted to work closely with the Sesame team as part of our selective panel expansion. Partnering with Sesame allows us to give more borrowers genuine access to homeownership through a trusted adviser network. This collaboration means we can reach more clients with both innovative and responsible lending, and in doing so, also give advisers the tools they need to make a real difference in their work.”
