Pagan has played a central role in the launch of April Mortgages and according to the company has significant experience of successfully building and managing mortgage propositions. He will oversee the development of 5-15-year fixed rate mortgages.

Commenting on the appointment said: “I’m thrilled to be heading up product development at April Mortgages, and continuing to build awareness of the benefits that certainty and flexibility can deliver to mortgage advisers and borrowers.”

He added: “My experience so far in the mortgage market has given me a great insight into why we so badly need these products, and how they can provide genuine security and comfort to everyone involved. For too long it has been difficult for borrowers to benefit from longer term fixed rates in the UK, but we are determined to change that.”