Coreco has partnered with April Mortgages to provide advisers access to the lender’s range of five to 15-year fixed-rate mortgages.

Coreco advisers will benefit from a competitive commission structure, which guarantees future commission payments over the full term of the April product.

April Mortgage’s fixed rate reduces automatically over time as the borrower drops into a lower LTV bracket, as they pay off their balance or the property increases in value.

Coreco managing director Andrew Montlake says: “Lenders have historically made it too difficult for borrowers to secure their rate for an extended period of time without accepting unrealistic tie-ins and penalties, so I’m delighted to see April Mortgages is bringing a fresh approach.”

“I have no doubt that our advisers and clients will welcome the option of a flexi-fix style 5-15 year fixed product that has removed the traditional obstacles faced by both borrower and brokers.”

April Mortgage chief operating officer Mark Eaton adds: “Partnerships with leading firms like Coreco is a crucial step in our aim to deliver practical new solutions that offer borrowers and brokers more peace of mind than currently exist.”