Mortgage Advice Bureau (MAB) has announced a new partnership with April Mortgages, enhancing options for brokers and customers.
- April Mortgages offers innovative lending solutions including long-term fixed rates and high loan-to-income ratios.
- The collaboration aims to provide more flexibility and control to mortgage applicants through varied mortgage choices.
- April Mortgages’ customer-focused approach includes uncapped overpayments and interest rate reductions as loan-to-value ratios decrease.
- MAB continues to strengthen its panel, empowering brokers with a broader range of financial options.
The Mortgage Advice Bureau (MAB) has strategically aligned with April Mortgages, incorporating them into its extensive panel of lenders. This move is intended to broaden the spectrum of mortgage offerings available to both brokers and customers, enhancing their ability to select mortgage arrangements that suit their financial profiles.
April Mortgages is noted for its forward-thinking approach in the lending market, particularly through its long-term fixed-rate offerings. This feature provides customers with stability over lengthy periods, ensuring predictable payment plans. Furthermore, April stands out with its provision for high loan-to-income lending, catering to a diverse range of financial needs and situations.
In further support of borrowers’ flexibility, April Mortgages has implemented policies that allow uncapped overpayments. This means borrowers can make additional payments without financial penalties, offering a method to potentially reduce the overall cost of their mortgage.
A particularly attractive aspect of April’s offerings is the interest rate reduction policy. As a borrower’s loan-to-value (LTV) ratio decreases, they benefit from reduced interest rates. This approach not only rewards borrowers for reducing their LTV but also encourages prudent financial management.
Danny Belton from MAB has expressed enthusiasm about incorporating April’s products, highlighting that such innovative solutions can significantly enrich the offerings brokers provide to clients. “April brings a fresh way of thinking to products and criteria to the table,” he stated, pointing out the new opportunities for brokers in meeting varied client needs.
Rachael Hunnisett, representing April Mortgages, shared a mutual eagerness for the collaboration. She emphasised the value of integrating April’s customer-centric products with MAB’s trusted infrastructure, foreseeing a partnership that will deliver tailored, transparent mortgage solutions adapted to the market’s evolving demands.
The partnership between MAB and April Mortgages signifies a promising advancement in offering diverse, customer-focused mortgage solutions.
