April Mortgages Expands HLPartnership Distribution
April Mortgages has expanded its mortgage range to all HLPartnership advisers, marking a significant milestone in its distribution strategy. This move comes as the lender continues to grow its presence in the mortgage market.
Image: A person filling out a mortgage application
In a volatile interest rate market, April Mortgages offers a range of house purchase and remortgage products up to 95% LTV and 85% LTV respectively, on fixed terms from five to 15 years. One of the key benefits of April Mortgages’ products is the absence of early repayment charges for borrowers who move house or repay the mortgage with their own funds. Additionally, the fixed rate automatically reduces as customers pay off their balance and drop into a lower LTV bracket.
“HLPartnership has supported us from the very outset, and we are delighted to make our range available to all members of the network as we grow our distribution this year.” - Mark Eaton, Chief Operating Officer at April Mortgages
April Mortgages also offers benefits to advisers, including a procuration fee for introducing cases, an annual service fee paid from the fifth anniversary of the product start date, and additional fees for product transfers and further lending. This structure recognises the benefits of long-standing customer relationships and ongoing financial advice.
Mortgage broker working with clients
Neil Hoare, Commercial Director at HLPartnership, expressed his delight at the expansion of the pilot phase with April Mortgages to all member firms. “April believes that mortgages should be simple, and that’s why they’ve designed products to give brokers and their clients certainty and flexibility. These mortgages are an important addition to our advisers’ product portfolio, recognising that customers should have access to new and innovative products which support the ongoing need for advice in achieving good outcomes.”
HLPartnership logo
With this expansion, April Mortgages is poised to make a significant impact in the mortgage market, offering a range of innovative products that cater to the evolving needs of borrowers and advisers alike.
