Sesame has added April Mortgages to its lender panel, giving its appointed representatives access to a new range of products designed to tackle affordability and deposit barriers faced by many borrowers.
Advisers within the Sesame Network will now be able to recommend April’s suite of mortgages, which includes its 100% loan-to-value “No Deposit” mortgage and high loan-to-income options of up to seven times income for eligible applicants.
April, which launched its zero-deposit product earlier this year, aims its lending at well-qualified borrowers who can pass affordability and credit checks but lack the savings needed for a deposit.
The move comes as Sesame continues to pursue an ambitious growth strategy. In June, the network created its first dedicated adviser recruitment team to expand membership and strengthen its position as a leading support partner for the UK advisory community.
Toni Smith, director of Sesame at Sesame Bankhall Group, said: “We’re pleased to welcome April Mortgages to our panel. Their focus on longer-term fixed rates and 100% LTV products gives our members even more strings to their bow when it comes to supporting first-time buyers.
“In the current market, where affordability pressures and deposit hurdles remain a challenge, it’s vital that brokers have access to innovative options that can open the door to homeownership.
“While longer-term fixed rates with flexibility such as that offered by April are relatively new to the UK, there is undoubtedly a growing need for the security they offer, and we are committed to seeking out lender partners who think differently and provide solutions to real-world problems.”
Rachael Hunnisett (pictured), director of mortgage distribution at April Mortgages, added: “Our ambition is to modernise the UK mortgage market, with products that offer flexibility when life changes, and peace of mind for the long-term.
“Following successful launches earlier this year, such as 7x LTI and ‘No Deposit’ 100% LTV. When it came to identifying a distribution partner who had a deep understanding of how our longer-term products unlock a broader range of options for UK borrowers, Sesame stood out.”
She added that working with Sesame would allow April to extend its reach through a trusted adviser network, giving more borrowers access to homeownership while supporting advisers with tools to deliver “innovative and responsible” lending solutions.
