Access Financial Services (FS) has added April Mortgages to its lender panel.
As a result of the partnership, April Mortgages’ range of long-term fixed rate mortgages for home movers, remortgagers and first-time buyers will be available to brokers on Access FS’ panel.
Features of April’s products include no early repayment charges for overpayments, home movers or clearing the mortgage using personal funds or inheritance, uncapped overpayments, automatic rate reductions as the LTV falls and loan-to-income multiples of up to seven times.
The lender also offers Interest Only+, a product designed to give borrowers more financial flexibility through lower monthly payments.
The move comes after April brought out its 100% LTV mortgage deal earlier this summer to help more borrowers get on the property ladder. The firm will lend up to 100% of a property’s value at 4.49 times income, on fixed terms of 10 or 15 years.
Sales and marketing director at Access FS, Nick Jones, said: "As a fast-growing brokerage, Access FS is always keen to work with lenders who have a different approach, targeted products and innovative criteria. This is why we’re really pleased to be adding a vibrant business like April Mortgages to our panel. The whole concept – of mortgages that give borrowers a combination of peace of mind and freedom – is very fresh and our borrower clients should appreciate it."
Director of mortgage distribution at April Mortgages, Rachael Hunnisett, added: "Partnering with distributors who share our vision of a simple, fair and transparent future for UK mortgage lending is key to our success. Access FS share that vision. We look forward to working closely with the Access FS team as we continue to drive innovation to bring peace of mind to borrowers."
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