April Mortgage’s long-term deals win additional exposure

Legal & General Mortgage Club has added April Mortgages to its lender panel, giving additional exposure to April’s long-term fixed-rate remortgage products.

April Mortgages’ products are a type of long-term fixed-rate mortgage, where interest rates decrease as the loan is paid off. The firm’s mission is to simplify the mortgage process and address consumer concerns amid the current market of fluctuating rates.

Its remortgage products range from five to 15-year fixed rate terms, starting at 4.99%. These products do not have early repayment charges for moving house or making overpayments – either as lump sums or as a full redemption. In practice, April Mortgages will only charge a borrower an ERC for refinancing during the initial product term.

This feature allows customers to pay back their mortgage at a rate that best suits their priorities without any financial penalties.

Through this partnership with Legal & General Mortgage Club, April Mortgages aims to extend its unique long-term proposition to a broader range of advisers and their customers. The lender’s goal is to ensure accessibility to prime residential products that are tailored to meet the evolving needs of homeowners in today's dynamic market.

Tim Hague, Commercial Director at April Mortgages, says: “Joining the Legal & General Mortgage Club lender panel represents a pivotal moment for April Mortgages. This is an exciting opportunity for us to offer our innovative mortgage products to the wider UK Market, starting with HL Partnership and Stonebridge.

“April Mortgages is 100% broker introduced, and our partnership with Legal & General presents an ideal route to building long-term bonds with brokers and their customers. By joining with Legal & General, we are poised to address the concerns and uncertainties that consumers face in today's market. Our tailored approach is designed to offer stability and peace of mind, ensuring that homeownership remains within reach for all individuals."

And Clare Beardmore, Director of Distribution at Legal & General Mortgage Services, adds: “Our goal is to provide intermediaries with a wide range of options to assist their clients’ evolving needs. We are therefore delighted to be partnering with April Mortgages. We’ve seen a growing appetite for long-term fixed-rate products, due to the certainty they provide customers over monthly repayments – especially in a market in which we are seeing fluctuating interest and swap rates.

“This partnership allows us to expand the range of solutions to our members, especially when their customers might be looking to prioritise budgeting and the ability to fix repayments over the long-term."