April 100% Mortgage Adviser Guide: April Mortgages’ No Deposit mortgage gives eligible residential buyers access to borrowing up to 100% loan-to-value.
For mortgage advisers, the headline is only the starting point. A no-deposit case requires close attention to affordability, credit conduct, property acceptability and the client’s future plans.
The product may provide a route for clients with reliable income but limited savings. However, borrowing the full property value leaves little protection against falling house prices.
April 100% Mortgage
- Available up to 100% LTV for an eligible residential house purchase
- No borrower-funded deposit is required
- Ten and 15-year fixed-rate options are available
- A minimum income requirement applies
- Applicants need a clean credit profile
- Flats and new-build properties are excluded
- Full affordability and underwriting checks apply
- Regulated mortgage advice is required
- Negative equity remains an important client risk
Criteria and product terms can change. Advisers should confirm the current position through the April Mortgages broker criteria and rates page before discussing a recommendation or submitting an application.
What Is the April No Deposit Mortgage?
The April No Deposit mortgage is a residential purchase product offering lending up to 100% of the accepted property value.
Unlike some family-assisted mortgages, the standard proposition does not require a family member to provide savings or secure money against another property.
April describes the product as being designed for buyers who have sufficient income but have not built a traditional deposit. It is offered with ten or 15-year fixed-rate terms.
Longer fixed terms can provide payment certainty. However, advisers must consider whether that certainty remains suitable when measured against the client’s expected employment, household and property plans.
April 100% Mortgage Criteria at a Glance
The following details reflect the published position reviewed in July 2026.
| Area | Published position |
|---|---|
| Loan-to-value | Up to 100% LTV |
| Purpose | Main residential house purchase |
| Deposit | No borrower deposit required |
| Fixed period | Ten or 15 years |
| Minimum income | From £24,000, subject to applicant structure |
| Applicants | Up to four, subject to age and term rules |
| Credit history | Clean credit conduct required |
| Property | Residential house |
| Flats | Not accepted |
| New builds | Not accepted |
| Minimum property value | £75,000 |
| Assessment | Full affordability, credit and underwriting checks |
Meeting the headline criteria does not guarantee acceptance. Loan size, income treatment, age, mortgage term, property construction and credit history remain subject to the lender’s full assessment.
Which Clients May Fit the Product?
The product may be relevant where a client:
- Has stable and evidenced income
- Has maintained a clean credit record
- Can afford the mortgage without relying on future income growth
- Wants to buy a house as their main residence
- Has limited deposit savings
- Expects to remain in the property for a meaningful period
- Understands the implications of borrowing at 100% LTV
- Has funds for legal, survey and moving costs
A client should not be treated as suitable simply because they meet the lender’s minimum requirements.
Suitability depends on whether the structure supports the client’s objectives without creating an unreasonable level of financial exposure.
For a wider comparison of no-deposit structures, read the 100% mortgage guide for advisers.
Affordability and Evidence
A zero deposit does not mean zero financial preparation.
The adviser should establish how the client will meet:
- Legal and conveyancing costs
- Survey or valuation costs
- Moving expenses
- Insurance costs
- Stamp Duty Land Tax, where applicable
- Initial repairs or furnishing costs
- Unexpected expenditure after completion
Income should be reviewed for stability rather than assessed only against the maximum available loan.
Where overtime, bonuses or commission form part of affordability, advisers should check the lender’s current income treatment and the evidence required.
Client bank statements may also reveal whether the proposed mortgage payment leaves sufficient monthly headroom.
Long-Term Fixed Rates and Flexibility
April’s longer fixed-rate structure is designed to provide extended payment certainty. Its product features can also include automatic rate reductions as the loan-to-value falls and flexibility around overpayments.
These features require a clear explanation.
Advisers should discuss:
- How the rate reduction mechanism works
- When a lower LTV band is recognised
- Whether overpayments alter the mortgage term or payment
- The treatment of early repayment
- What happens when the client moves home
- When early repayment charges could apply
- The position at the end of the fixed period
A longer fixed rate should not automatically be compared with a shorter deal using the initial rate alone. The recommendation must consider the complete fixed period, expected life changes and the cost of leaving the mortgage early.
Negative Equity and Client Understanding
Negative equity occurs when the outstanding mortgage becomes greater than the property’s market value.
A buyer starting at 100% LTV has no initial equity buffer. Even a modest fall in the property’s value could affect their ability to sell or refinance.
The adviser should test whether the client understands that:
- Property values can rise or fall
- Selling may not clear the mortgage balance
- Remortgage options could be limited
- Moving early may require additional funds
- Regular capital repayments can gradually reduce the risk
- Buying without a deposit does not remove other ownership costs
The product documentation also highlights the increased negative equity risk attached to borrowing the full property value.
Adviser Considerations Under Consumer Duty
A technically available product is not automatically the right client outcome.
The advice file should clearly record:
- Why the client has no deposit
- Why buying now is being considered
- Whether waiting and saving was discussed
- How affordability was tested
- Why the fixed period is appropriate
- How negative equity was explained
- Which alternative routes were considered
- Why the recommendation meets the client’s objectives
- How client understanding was checked
Possible alternatives may include a 95% LTV mortgage, gifted deposit, shared ownership or a family-assisted product.
For broader product comparisons, advisers can use the April Mortgages broker access page.
Accessing April Mortgages Through Connect
April Mortgages is available through selected intermediary distribution routes.
A broker who does not hold direct access may be able to refer an appropriate case through Connect. This allows the introducing broker to remain involved while the regulated advice and submission process is handled through the agreed route.
Learn more about April Mortgages access through Connect.
Connect Network ARs should follow the current sourcing, compliance and submission process before presenting the product as an available recommendation.
Consumers looking for regulated mortgage advice can use the Connect Experts first-time buyer broker directory.
Adviser Summary
The April 100% Mortgage can support an eligible buyer who has the income to purchase but lacks a traditional deposit.
Its value is not simply that it permits 100% borrowing. Its relevance comes from how its affordability, longer fixed term and flexible features fit the client’s circumstances.
Good advice separates access from suitability. A client may be able to obtain a mortgage, but the adviser must still establish whether taking it is a responsible long-term decision.
Find a Mortgage Adviser
FAQs About the April 100% Mortgage
Is the April No Deposit mortgage a 100% LTV mortgage?
Yes. The product can provide borrowing up to the full accepted property value, subject to criteria, affordability and underwriting.
Does the client need any savings?
A mortgage deposit may not be required. However, the client may still need money for legal work, surveys, moving costs, insurance and other purchase expenses.
Are flats accepted?
April’s published No Deposit criteria exclude flats. Advisers should verify the latest property rules before making a recommendation.
Are new-build properties accepted?
New-build properties are excluded under the published No Deposit criteria reviewed in July 2026.
Can a client apply directly to April Mortgages?
April distributes its mortgages through qualified mortgage advisers. Clients require regulated advice before proceeding.
Important information
Mortgage criteria, rates and product availability can change. This article reflects information reviewed on 24 July 2026 and does not replace the lender’s current product literature or a full suitability assessment.
Your client’s home may be repossessed if they do not keep up repayments on their mortgage.
Connect for Intermediaries is a trading style of Connect IFA Ltd, which is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 441505.