April Mortgages has signed a new partnership with mortgage advice firm, Coreco.

Coreco is a London-based provider of mortgage and financial advice, with April Mortgages stating that it is "hugely respected" for its approach towards advice and customer service.

As a result of the partnership, Coreco members will have access to the long-term lender’s range of five- to 15-year fixed rate mortgages, providing clients with the longer-term certainty and peace.

The fixed rate reduces automatically over time as the borrower drops into a lower LTV bracket, as they pay of their balance or the property increases in value. Should the borrower move house or use their own funds to repay the mortgage, they are exempt from any early repayment charges.

Managing director at Coreco, Andrew Montlake, said: "Lenders have historically made it too difficult for borrowers to secure their rate for an extended period of time without accepting unrealistic tie-ins and penalties, so I’m delighted to see April Mortgages is bringing a fresh approach. I have no doubt that our advisers and clients will welcome the option of a flexi-fix style five- to 15-year fixed product that has removed the traditional obstacles faced by both borrower and brokers."

Chief operating officer at April Mortgages, Mark Eaton, added: "Partnerships with leading firms like Coreco is a crucial step in our aim to deliver practical new solutions that offer borrowers and brokers more peace of mind than currently exist. We are serious about working with brokers, listening to their requirements and helping them change the UK mortgage market for the better. We believe Coreco are a perfect partner for us in this regard."

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