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Dutch-style lender, April Mortgages, cuts rates: "These really are worthy of strong consideration"

ended 08. August 2024

New Dutch-style lender, April Mortgages, which offers a range of 5-15-year fixed rates, has today announced it is decreasing rates across both its purchase and remortgage products, with headline prices now below 5%. For the full rates, see the screengrab below. Newspage asked brokers for their views, bottom.

5 responses from the Newspage community

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The new rates offered by April Mortgages are sure to whet the appetite for those considering a new deal. These really are worthy of strong consideration now. The security of a longer term deal certainly isn’t for everyone, especially those used to being offered the standard 2-5 year terms with the ability to regularly shop around. But perhaps they should take a look at April, given the flexibility they have on redemption penalties.
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We've seen a lot of interest in long-term fixes but the rates over the past few months have put many borrowers off. With these reductions from April this style of mortgage is starting to look like a good option for some, particularly as they can help you get that bit extra with 6x income secure in the knowledge that your monthly payments won't change for years to come, if at all.
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It's good to see rates reducing even in the long-term fixed space. This gives more affordable options to all potential borrowers and will boost the affordability of the April Mortgages proposition in a significant way.
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The UK mortgage market has a fresh and dynamic contender in April Mortgages. This innovative company is focusing on the underserved niche of longer-term fixed rates ranging from 5 to 15 years. At a time when many players are sticking to short-term strategies, April Mortgages is boldly stepping forward to offer stability and predictability to homeowners. Their competitive pricing strategy signals a clear intent to capture market share. With improved rates being launched and ultra-inclusive Loan-to-Value (LTV) ratios, April Mortgages is making moves to redefine the lending landscape. It's refreshing to see a company breaking away from the norm, bringing much-needed innovation and competition. Any commitment to offering alternative options for borrowers is a significant win for the UK mortgage market.
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We’re really pleased to be lowering our rates with headline prices now below 5%. With these very competitive prices, we're proud that our modern 5-15 year fixed rate products continue to provide borrowers with peace of mind, through a unique blend of certainty and flexibility.