April Mortgages has cut rates on its range of five to fifteen-year fixed rate deals.
The lender has reduced prices by up to 10 basis points.
Following the reprice:
- Five-year fixed rates start from 4.8%
- The lender’s 10-year fixes start from 4.85%
- Its 15-year fixes start from 4.95%
Products come with a £995 completion fee and a £195 application fee.
April’s fixed rate products reduce automatically as borrowers fall into lower LTV bands during the term of their mortgage, because of their repayments and house price growth.
The lender has recently expanded its distribution through partnerships with brokers including Coreco, Tembo Money and SPF Private Clients.
April director of product and portfolio management James Pagan says: “April Mortgages is determined to bring true peace of mind to the nation’s mortgage borrowers and brokers, and these rate reductions make the prospect of securing a longer-term fixed rate even more attractive.
“As with our recent move to increase the loan-to-income ratios on offer up to six times income, April Mortgages is committed to listening to brokers about what borrowers really need and delivering tangible change.”
