Legal and General Mortgage Club has added April Mortgages to its lender panel, giving choose brokers submitting through the membership unique access.
Initially, HL Partnership and Stonebridge brokers who submit business by the mortgage membership can have unique access to the long-term mounted price remortgage merchandise.
There are plans to widen access to the remainder of Legal and General Mortgage Club in “due course”.
April Mortgages is a pension- and life fund-backed long-term mounted price lender that mushy launched earlier this yr, having mushy launched its remortgage product with HL Partnership and Stonebridge on the finish of November final yr.
The rates of interest fall because the mortgage is paid off, and its remortgage product ranges from five- to 15-year mounted charges, with pricing ranging from 4.99%.
The offers should not have early compensation expenses (ERCs) for transferring home or making overpayments, with the lender solely charging a borrower such a charge for refinancing in the course of the preliminary time period. This offers prospects extra flexibility and compensation certainty.
The partnership will enable April Mortgages to “extend its unique long-term proposition to a broader range of advisers and their customers”.
April Mortgages added that its “goal is to ensure accessibility to prime residential products that are tailored to meet the evolving needs of homeowners in today’s dynamic market”.
‘Growing appetite for long-term fixed rate products’
Clare Beardmore (pictured), director of distribution and mortgage membership at Legal and General Mortgage Services, mentioned: “At Legal and General Mortgage Club, our objective is to supply intermediaries with a variety of choices to help their shoppers’ evolving wants. We are subsequently delighted to be partnering with April Mortgages.
“We’ve seen a rising urge for food for long-term mounted price merchandise as a result of certainty they supply prospects over month-to-month repayments – particularly in a market wherein we’re seeing fluctuating curiosity and swap charges.
“This partnership allows us to expand the range of solutions to our members, especially when their customers might be looking to prioritise budgeting and the ability to fix repayments over the long term.”
Tim Hague, business director at April Mortgages, mentioned: “Joining the Legal and General Mortgage Club lender panel represents a pivotal second for April Mortgages. This is an thrilling alternative for us to supply our revolutionary mortgage merchandise to the broader UK market, beginning with HL Partnership and Stonebridge.
“April Mortgages is 100% broker-introduced, and our partnership with Legal and General presents a perfect path to building long-term bonds with brokers and their prospects.
“By joining with Legal and General, we are poised to address the concerns and uncertainties that consumers face in today’s market. Our tailored approach is designed to offer stability and peace of mind, ensuring that homeownership remains within reach for all individuals.”
Anna is at present the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has labored as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She began her profession as a report at specialist publication The Insurance Insider protecting a variety of areas earlier than becoming a member of Mortgage Solutions and Specialist Lending Solutions in 2021.
In her function, she helps put collectively and construction the information agenda for the day and writes up press releases, studies, interviews, analyses and exclusives throughout each titles. She additionally commissions blogs for Specialist Lending Solutions and hosts on-line masterclasses and in-person occasions throughout the business.
She has been shortlisted for 3 journalism awards, which embrace BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna labored in ecommerce throughout Snow + Rock, Cycle Surgery and Runners Need web sites, and earlier than that labored at specialist monetary PR agency Rostrum.
In her spare time, Anna enjoys studying, seeing dwell music, and cooking for family and friends. When she will get an opportunity, she additionally enjoys mountaineering, snowboarding and indoor mountain climbing.
