Connect for Intermediaries has secured an exclusive network partnership with April Mortgages, offering its adviser base access to the lender’s full suite of products.
This means Connect is one of a limited number of networks to distribute April’s flexible, fixed-term lending proposition.
April Mortgages, which entered the market with a mission to redefine traditional mortgage structures, provides fixed-rate terms from five to 15 years, alongside features such as uncapped overpayments and automatic rate reductions in line with falling loan-to-value ratios.
Early repayment charges are waived under a broad range of redemption scenarios, including the sale of assets, use of inheritance or business income, or standard repayment using personal funds.
The lender’s Income Stretch criteria allow borrowing of up to six times income, with a minimum income threshold of £24,000. According to the lender, this typically represents around 25% more than many high street banks. The recently launched Interest Only+ product enables borrowers to defer capital repayment to the end of the term or upon property sale.
Connect said the partnership underscores its strategy of aligning with lenders who prioritise adviser and client needs through innovative, responsive offerings.
Jane Benjamin (pictured, left), director of mortgages at Connect for Intermediaries, said: “April Mortgages is an exciting and exclusive addition to the Connect panel. Their forward-thinking lending and flexible criteria perfectly align with how our brokers work and what their clients need. We’re proud to be one of the only networks offering access to this powerful proposition.”
Rachael Hunnisett (pictured, right), April Mortgages director of mortgage distribution, added: “We’re delighted to be working with Connect Mortgage Distribution, whose expertise and reach make them the perfect partner to share the unique benefits of our modern longer-term fixed rate with borrowers.
“At April Mortgages, we believe in giving customers greater certainty and control over their home ownership, and this new partnership helps make that vision a reality.”
