Who’s an April Mortgage Customer? Brought to you by Connect for Intermediaries
At Connect, we introduce brokers to lenders like April Mortgages, which is known for its innovative long-term fixed-rate lending. April combines stable fixed rates, falling rates as balances reduce, and no early repayment charges (ERCs) when moving home.
This mix of stability, cost efficiency, and adaptability suits a wide range of clients. Below are examples showing how April may help the people you advise:
First-Time Buyers: Meet Frank & Jasmine
Scenario: Two professionals saving hard, aiming for their first home.
Frank and Jasmine are buying their first home with support from family. They plan to start a family and may relocate for work again.
Why April suits them:
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Stretch affordability: April uses the fixed rate, not a high-stress rate, allowing them to borrow slightly more.
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100% LTV options: They can buy sooner without saving the full deposit.
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Fixed monthly repayments: Easier budgeting and peace of mind.
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No ERCs on moving: Ideal if they need to upsize or relocate in a few years.
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Rate reduces as they repay: Monthly costs may go down with their mortgage balance.
Next-Time Buyers: Tunde & Rebecca
Scenario: Parents balancing school choices with rising living costs.
Tunde and Rebecca want to buy near a good school, but may move again before secondary school.
Why April works for them:
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Realistic affordability checks: Based on the fixed product rate, not inflated stress rates.
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Freedom to relocate again: No ERCs make it easier to move later.
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Certainty in volatile times: Fixed payments help them plan better.
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Unlimited overpayments: They can reduce the balance using bonuses or salary increases.
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Falling fixed rates: As the mortgage reduces, so may their interest rate.
Mobile Professionals: Thomas the Developer
Scenario: Single buyer focused on equity and career flexibility.
Tom wants to stop renting but doesn’t want frequent remortgages.
Why April fits Harry:
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Long-term fixed rate: One decision, long-term peace of mind.
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No charge for lump sums: Bonuses can reduce the balance at any time.
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Freedom to move: No ERCs if he relocates for work.
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Rewarded for repayments: The more he pays off, the better the rate.
Fresh Start Homeowners: Ava’s Story
Scenario: Recently divorced mum rebuilding her finances.
Ava owns a home but wants a remortgage that offers security and options.
Why April helps her:
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Fixed repayments: Consistent monthly costs help her stay in control.
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Freedom to move: She can downsize or move in future without charges.
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Improved rate with repayments: Lower balance may mean a better interest rate.
Approaching Retirement: John & Isabella
Scenario: Nearing retirement, seeking stable costs and early repayment options.
John and Isabella want to remortgage and possibly clear the balance early.
Why April is suitable:
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Retirement-friendly terms: Supports longer-term affordability.
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Clear monthly costs: Helps them plan their retirement budget.
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Pay off early without fees: They can repay any time without penalty.
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No ERCs if repaid early: Flexibility without extra charges.
Why April Mortgages Stand Out for Brokers
Here’s why brokers should consider April Mortgages:
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✅ Long-term fixed rates offer planning certainty
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✅ No ERCs when moving home
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✅ Fixed rate can reduce as balance lowers
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✅ Borrow up to 100% LTV (subject to criteria)
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✅ Unlimited overpayments allowed
Who’s Not an April Customer?
April’s structure may not be suitable for every borrower. Those seeking interest-only terms, short-term deals, or quick resales might find better options elsewhere. However, for clients seeking simplicity, predictability, and flexibility, April is a strong match.
Need affordability examples, a product overview, or tailored case studies? Contact us to help place more of the right mortgages for the right people.
April Mortgages partners with Connect to help brokers match clients with more innovative lending options.
Thank you for reading our publication “Who’s an April Mortgage Customer? | Connect Network Knows.” Stay “Connect“-ed for more updates soon!
