"I’m really excited to see our full range now available to our select distribution partners and we look forward to extending these partnerships over the coming months."
- James Pagan, April’s director of product and portfolio management
April Mortgages has launched a house purchase mortgage range to complement its existing remortgage offering.
April’s purchase range is available with rates from 5.35% and fixed terms available from five, seven, ten, twelve and fifteen years.
As part of the offering, borrowers will benefit from a lower rate automatically as mortgage balances reduce and LTVs fall.
In addition, there are no early repayment charges for borrowers moving house or using their own funds to repay the mortgage.
Products are available for loans between £50,000 and £1m up to 40 years and up to 95% LTV. There are no valuation fees for properties up to £750,000 in Greater London and £500,000 in the rest of England and Wales.
The mortgage products offer brokers a procuration fee and then an additional annual service fee from the fifth anniversary of the product start date. There are also additional fees for product transfers and for further lending.
The purchase mortgage range is now available through HL Partnership and Stonebridge networks.
James Pagan, April’s director of product and portfolio management, said: “After a successful launch we are delighted our house purchase mortgage range is now available through HL Partnership and Stonebridge networks – offering even more borrowers the option to choose peace of mind when organising their mortgage.
“I’m really excited to see our full range now available to our select distribution partners and we look forward to extending these partnerships over the coming months. We absolutely believe that certainty and flexibility are key for borrowers in what remains a difficult market.”
