"There is a real need for truly long-term fixed rates for those who value the security and certainty they offer, particularly after the volatility we have seen in recent years."
- Gareth Lowman, director and head of lending at SPF
April Mortgages has rolled out its range of longer-term fixed rate mortgages to all brokers at SPF Private Clients.
The full rollout follows a successful trial period, where a limited number of SPF brokers had access to April’s range of 5-15 year fixed rate mortgages.
Brokers who use Legal & General Mortgage Club can refer suitable clients to SPF Private Clients, as it is part of the L&G Referral Pro panel.
April Mortgages recently announced reductions of up to 10 basis points on its range of 5, 10 and 15-year fixed rate mortgages. In addition, it has introduced higher loan-to-income caps alongside broadening its capital raising criteria, opening up the benefits of longer-term fixed rate mortgages to more borrowers.
Gareth Lowman, director and head of lending at SPF Private Clients, commented: “The initial trial with April Mortgages was a great success. It’s clear that there is a real need for truly long-term fixed rates for those who value the security and certainty they offer, particularly after the volatility we have seen in recent years. I have no doubt that these products will be welcomed by our entire broker team and their clients.”
Mark Eaton, chief operating officer at April Mortgages, added: “We are delighted to have fully rolled out our products with all of SPF’s brokers. April Mortgages is committed to working closely with the nation’s top brokers to ensure that peace of mind is available to more borrowers through our longer-term fixed rate products. These partnerships are also crucial to our plans to refine our products and processes, taking broker feedback on board throughout.”
