April simplifies range with new rate cuts

The longer-term lender has announced that it has reduced rates on its range of 5-15-year fixed products

Related topics:  Finance,  Mortgages
Property | Reporter
9th August 2024
FTB 362
"As with our recent move to increase the loan-to-income ratios on offer up to six times income, April Mortgages is committed to listening to brokers about what borrowers really need and delivering tangible change"
- James Pagan - April Mortgages

April Mortgages has announced that it has reduced rates across the range of five-, 10-, and 15-year fixed rate products by up to 0.10 basis points. As a result, rates start at 4.80% for the five-year fix, at 4.85% for the 10-year fix and at 4.95% for the 15-year fixed rate product.

The lender has recently expanded its distribution through partnerships with a host of mortgage brokers including Coreco, Tembo Money, and SPF Private Clients.

James Pagan, Director of Product and Portfolio Management at April Mortgages, commented: “April Mortgages is determined to bring true peace of mind to the nation’s mortgage borrowers and brokers, and these rate reductions make the prospect of securing a longer-term fixed rate even more attractive.

“As with our recent move to increase the loan-to-income ratios on offer up to six times income, April Mortgages is committed to listening to brokers about what borrowers really need and delivering tangible change. We know that these products can make a real difference to borrowers, and we are committed to reaching as many as possible by working closely with brokers.”

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