Coreco advisers will now have access to April Mortgage’s range of five- to 15-year fixed rate mortgages, with fixed rate reducing automatically over time as the borrower drops into a lower LTV bracket, as they pay off their balance or the property increases in value.
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Andrew Montlake, managing director at Coreco, commented: “Lenders have historically made it too difficult for borrowers to secure their rate for an extended period of time without accepting unrealistic tie-ins and penalties, so I’m delighted to see April Mortgages is bringing a fresh approach.
“I have no doubt that our advisers and clients will welcome the option of a flexi-fix style five- to 15-year fixed product that has removed the traditional obstacles faced by both borrower and brokers.”
Mark Eaton, COO at April Mortgages (pictured above), said: “We are serious about working with brokers, listening to their requirements and helping them change the UK mortgage market for the better. We believe Coreco are a perfect partner for us in this regard.”
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