Mortgage Advice Bureau (MAB) has added long-term lender April Mortgages to its panel.
The lender, which is part of the DMFCO group, the largest independent asset manager of Dutch residential mortgages, offers fixed rates that can be secured for up to 15 years.
April Mortgages also offers high loan-to-income (LTI) lending, uncapped overpayments and an interest rate reduction as the loan to value (LTV) decreases.
Danny Belton, head of lending at MAB, said: “In a market that’s hungry for innovation, we’re delighted to welcome April Mortgages to the MAB panel. April brings a fresh way of thinking to products and criteria to the table, and this partnership will empower our brokers to offer an even greater range of mortgage options to customers.”
Rachael Hunnisett (pictured), director of mortgage distribution at April Mortgages, added: “Myself and the whole team at April are looking forward to working closely with MAB to continue pushing the boundaries of what the mortgage industry can offer. Together, we’ll deliver an experience that’s simple, transparent, and tailored to today’s market needs.”
In September, April Mortgages revised its proc fee structure to pay brokers an initial procurement fee of 45 basis points at completion along with an additional 30 basis points on every fifth anniversary of the mortgage for the remaining mortgage term.
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