April Mortgages in HLP, Stonebridge tie-up to intro 5 to 15-year remos Mortgage Strategy

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Dutch-owned April Mortgages has launched a series of longer-term fixed-rate remortgage products for UK borrowers with the HLPartnership and Stonebridge networks.  

The lender says rates start at 4.99% with terms ranging from five, seven, 10, 12 and 15 years.  

It does not apply early repayment charges for borrowers moving house or using their own funds to repay the mortgage.  

The business also automatically lowers rates for borrowers as mortgage balances lower and loan-to-values fall.   

The firm says its current deals are available for remortgages only, from 85% loan to value, but adds this will be extended to include house purchases up to 95% LTV “in the coming months”.   

The lender is backed by The Hauge-based DMFCO asset management, which has built up a mortgage portfolio valued at over €28bn for 35 institutional investors since it was launched in 2014.  

April Mortgages adds its home loans offer brokers an additional annual service fee, from the fifth anniversary of the product start date, as well as proc fees. It also offers additional broker fees for product transfers and for further lending.  

April Mortgages commercial director Tim Hague says: “We believe this is a fairer way to approach mortgage lending and it addresses the key objections often raised by brokers around early redemption charges and product lock-ins.   

“The addition of the annual service fee not only reflects advisors’ hard work but also means they can embed real value into their own businesses.”  


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