Legal & General Mortgage Club has added April Mortgages to its lender panel, giving extra publicity to April’s long-term fixed-rate remortgage merchandise.
April Mortgages’ merchandise are a kind of long-term fixed-rate mortgage, the place rates of interest lower because the mortgage is paid off. The agency’s mission is to simplify the mortgage course of and tackle client considerations amid the present market of fluctuating charges.
Its remortgage merchandise vary from 5 to 15-year mounted charge phrases, beginning at 4.99%. These merchandise don’t have early compensation prices for transferring home or making overpayments – both as lump sums or as a full redemption. In observe, April Mortgages will solely cost a borrower an ERC for refinancing in the course of the preliminary product time period.
This function permits clients to pay again their mortgage at a charge that most accurately fits their priorities with none monetary penalties.
Through this partnership with Legal & General Mortgage Club, April Mortgages goals to increase its distinctive long-term proposition to a broader vary of advisers and their clients. The lender’s aim is to make sure accessibility to prime residential merchandise which are tailor-made to fulfill the evolving wants of householders in as we speak’s dynamic market.
Tim Hague, Commercial Director at April Mortgages, says: “Joining the Legal & General Mortgage Club lender panel represents a pivotal second for April Mortgages. This is an thrilling alternative for us to supply our modern mortgage merchandise to the broader UK Market, beginning with HL Partnership and Stonebridge.
“April Mortgages is 100% dealer launched, and our partnership with Legal & General presents a perfect path to building long-term bonds with brokers and their clients. By becoming a member of with Legal & General, we’re poised to deal with the considerations and uncertainties that customers face in as we speak’s market. Our tailor-made method is designed to supply stability and peace of thoughts, making certain that homeownership stays inside attain for all people.”
And Clare Beardmore, Director of Distribution at Legal & General Mortgage Services, provides: “Our aim is to offer intermediaries with a variety of choices to help their shoppers’ evolving wants. We are due to this fact delighted to be partnering with April Mortgages. We’ve seen a rising urge for food for long-term fixed-rate merchandise, because of the certainty they supply clients over month-to-month repayments – particularly in a market wherein we’re seeing fluctuating curiosity and swap charges.
“This partnership permits us to increase the vary of options to our members, particularly when their clients could be trying to prioritise budgeting and the flexibility to repair repayments over the long-term.”
