April Mortgages has launched a new, ‘Dutch style’, house purchase mortgage range.
All intermediary firms registered with April can now offer the lender’s complete range of house purchase and re-mortgage products.
April’s house purchase range of mortgages are available with rates from 5.35% and fixed terms available from five, seven, 10, 12 and 15 years.
James Pagan, April’s director of product & 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.
“Rates start from 5.35% across five, seven, 10, 12 and 15-year fixed terms and as with the rest of our current range, there are no Early Repayment Charges for borrowers when they are moving house, overpaying, paying off lump sums or redeeming in full using their own funds. Better still, mortgage rates can automatically become lower as the borrower pays down on their loan.
“The house purchase products are available for loans between £50k and £1m up to 40 years and up to 95% LTV. There are no valuation fees for properties up to £750k in Greater London and £500k in the rest of England and Wales.
“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.”