No ERCs When Moving Home | Flexible Mortgages That Move With Your Clients. At Connect for Intermediaries, we recognise that life and property ownership rarely follow a set course. That’s why we provide access to lenders like April Mortgages, offering flexible mortgage products tailored to real-world circumstances.
What Are Early Repayment Charges?
An early repayment charge is a fee your lender may charge if you repay or switch your mortgage before the end of your fixed term. These charges can amount to thousands of pounds, depending on your mortgage balance and the timing of your exit.
Can You Avoid ERCs When Moving?
Yes, by porting your mortgage. Mortgage porting allows you to transfer your current mortgage (and rate) to your new home. Most lenders allow porting, but approval is subject to affordability checks, credit status, and property eligibility.
👉 Learn more about lender flexibility on mortgage portability via our specialist network.
No ERCs When Moving Home – True Payment Freedom
April Mortgages offers a range of products with no early repayment charges. This gives your clients the option to repay part or all of their mortgage at any time without financial penalties. Whether moving home, receiving a lump sum, or aiming to repay sooner, they gain real flexibility and cost savings.
| Heading | Benefit | What it means for your clients |
|---|---|---|
| No ERCs When Moving Home | Sell without stress | Clients can sell their home and clear their mortgage without charges. This suits those who may need to move quickly due to job changes, family needs, or lifestyle shifts. |
| No ERCs When Moving Home | Overpay with confidence | Lump-sum overpayments can be made at any time. This reduces interest and shortens the mortgage term, without triggering fees. |
| No ERCs When Moving Home | No surprise costs | Clients avoid hidden charges commonly found in standard mortgage products. This ensures transparency and control over their repayment strategy. |
A Note on Porting – Start Fresh
April Mortgages does not offer product porting. If a client moves and buys another property, they must apply for a new mortgage. This could be with April Mortgages or a different lender. This creates an opportunity to reassess their needs and choose a new deal suited to their circumstances.
When Porting May Not Work
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Your new property value is significantly different
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You need to borrow more than your current mortgage
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Your credit profile has changed
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Lender policy has changed since your original application
In such cases, you might still face partial ERCs, but your broker can help structure the deal to reduce or avoid charges.
Alternatives to Porting
If porting isn’t possible, consider:
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Blended rates (part ported, part new borrowing)
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Paying off the mortgage if savings exceed ERC
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Switching to a flexible lender
A whole-of-market broker can help assess the most cost-effective option for your move.
Why This Matters for Intermediaries
Offering mortgages with no ERCs can help advisers stand out, especially for clients who need more flexibility.
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First-time buyers are unsure of how long they will remain in their first home
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Buy-to-let landlords who may wish to restructure their portfolio
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Older borrowers seeking more control over their financial planning
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Clients experiencing life changes, such as divorce, relocation, or downsizing
This approach helps you offer tailored options while anticipating future changes in your clients’ lives.
Who’s an April Mortgage Customer?
April Mortgages does things a little differently. Their fresh take is designed to help more people, including first-time buyers, get the keys to a home of their own.
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Fixed rates over 5, 10 or 15 years
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No Early Repayment Charges if you move home and redeem the mortgage
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Unlimited overpayments
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A range of modern products, including 0% deposit mortgage options, interest only and increased borrowing power over longer terms
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Modern flexibility and long-term certainty
As a broker, do you want access to April Mortgages for your clients? Learn more.
How We Can Help
At Connect for Intermediaries, we work with a wide range of specialist lenders to secure buy-to-let solutions for every type of landlord. Whether you’re navigating HMO licensing or expanding a limited company portfolio, we offer personalised advice and access to exclusive products.
If you’re starting out, check our Adviser Mortgage Network for the Newly Qualified page to see how we support new advisers working with property investors.
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If you’re serious about developing your client base and becoming the adviser people remember and recommend, you’re in the right place.
Ready to grow? Join Our Network today and turn leads into loyal clients.
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