If you don't pay your mortgage, you might lose your home
Looking to buy your next home? Here’s why you should consider choosing April.
At April, we give you the confidence to take your next step on the housing ladder by providing certainty and flexibility.
As you climb the property ladder, not only can you build more wealth, but you also gain opportunities to make significant strides in paying off your mortgage faster.
With an April mortgage, there are no limits to how much extra you can pay off from your own pocket. Imagine the freedom of paying down your mortgage without worrying about additional charges!
Also, as your loan-to-value ratio decreases over time, so can your interest rate. This double-win means that overpaying not only reduces your mortgage faster but also can save you money on interest.
And here’s the cherry on top: with an April Mortgage, you can change your plans and move homes without the worry of an Early Repayment Charge.
Find out more about how an April mortgage may suit you here.
Most mortgage lenders punish you with an Early Repayment Charge if you want to pay your mortgage off during the product term. We think that practice is unfair. If you sell your home, you can pay off your mortgage without a fee. And if you got a bonus, an inheritance, won the lottery, or you just saved some money, you can make additional payments without any charge.
With a fixed rate, the interest rate you pay is always fixed at the start of your mortgage, right? Wrong – with April, you can actually reduce the interest rate you pay by paying off your loan. Over time you will reduce the size of your loan and this means our risk reduces.
So, we think it’s only fair that we automatically reduce your interest rate as you pay off your mortgage and the value of your loan drops in comparison to the value of your property at the time you bought it.
Life changes constantly. You might want to turn the loft into another bedroom, replace the kitchen or build a conservatory. Some lenders will start a whole new mortgage application if you need a bigger loan. That is cumbersome and costly. With April, you can easily borrow more, against the same conditions as your original loan.
At April, we believe all customers should be offered the same, great deal whether they are new or existing. So, when your fixed rate deal ends, we won’t make you pay a high variable rate. Instead, we’ll offer you the best rate available.
Know exactly how much
you need to pay each month without worrying.
No remortgaging
for however long you choose.
When your life changes,
your April mortgage changes with you
April Mortgages Limited. Registered Office: 158-160 North Gower Street, London, NW1 2ND. Registered in England and Wales company number: 13514833. April Mortgages Limited is authorised and regulated by the Financial Conduct Authority.