"The integration of Mortgage Brain's technology into our website is a critical ingredient for April and our support for our broker partners."
- Tim Hague, commercial director at April Mortgages
Mortgage Brain has integrated its technology into the website of new lender, April Mortgages.
The integration will offer brokers access to April’s affordability calculator and criteria policy pages, streamlining the mortgage application process.
The lender launched its fixed rate flexible product earlier this year. Rates start at 4.99% with fixed terms available from five, seven, ten, twelve and fifteen years.
The current deals are available for remortgages from 85% LTV but will be extended to include house purchase up to 95% LTV in the coming months.
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.
The collaboration between Mortgage Brain and April Mortgages ensured the existing technology was adapted to meet the needs of April’s lending model.
The affordability calculator powered by Mortgage Brain's technology enables brokers to quickly assess a borrower's financial situation and determine their mortgage eligibility from April’s website. Additionally, April is also available via Affordability Brain which checks affordability calculations from over 30 lenders, accounting for around 85% of first charge residential mortgage lending in the UK.
Criteria policy pages provide brokers with immediate access to detailed information on April’s lending criteria, helping them find the most suitable mortgage products for their clients.
Neil Wyatt, sales and marketing director at Mortgage Brain, said: "We are thrilled to partner with April Mortgages to integrate our technology into their website. This collaboration exemplifies our commitment to driving innovation in the mortgage industry and empowering brokers with the tools they need to succeed. We look forward to continuing to support April as they revolutionise the mortgage lending experience."
Tim Hague, commercial director at April Mortgages, added: "The integration of Mortgage Brain's technology into our website is a critical ingredient for April and our support for our broker partners. We’re committed to making mortgages more simple and by providing brokers with easy access to our affordability calculator and searchable criteria policy pages, we are streamlining the mortgage application process and delivering a superior experience for brokers and borrowers alike."
