It is April and of course, we couldn’t let our Birthday month go by without some exciting news! Delighted to share that from Friday 25th April we are making two key improvements to our proposition:
7x LTI now available!
- Household income of £50k or above
- Up to 85% LTV
- All buyer types (FTB and Home mover)
- 10 & 15 year products only
Interest only Part and Part now available
- IO up to 60% LTV
- P&P to 75% LTV
- £200k minimum equity (£300k within London)
- Minimum income £75k household
As a reminder; here are our LTI caps:
April house purchase:
| LTV | Household income greater
than £50k and 10+y fix |
Household income less
than £50k and/or 5y fix |
|||
| <=85% | 7 | 6 | |||
| >85%-<=90% | 6 | 5.5 | |||
| >90%-<=95% | 5.5 | 5 | |||
| >95% | 4.49 | 4.49 |
April remortgage:
| Like-for-Like Remortgage or for home improvements | Remortgage with Additional Borrowing (Other Purpose) | ||||||
| Application income (total sole or joint) and product | >=£50k and 10+y fix |
<£50k and/or 5y fix |
|||||
| LTV <=85% | 7 | 6 | 4.49 | ||||
A message from Mark Eaton, COO, April Mortgages.
Brokers, it’s time to go big.
You’ve told us what today’s borrowers really need, and we’ve listened.
Rising house prices, tough affordability limits, and clients who are earning well but still stuck in the “not quite enough” category? We hear you.
That’s why we’ve launched something bold: our new 7x LTI, powered by the certainty of our modern longer-term fixed rates.
You’ll know that AffordAbility+ gives your client’s a borrowing bounce and that bounce just got bigger. In fact, it can be a whopping 25%* more!
AA+ is designed to let borrowers borrow more, responsibly and give you a fresh solution for clients who are being let down by the status quo.
We believe modern lending should be built on longer-term thinking and with our 10- or 15-year fixed rates providing payment certainty, it’s the right time for a higher income multiple that still meets robust affordability checks.
With standout flexibility built in – like no ERCs when moving or repaying early, automatic rate reductions as LTV drops, and unlimited overpayments – at April we’re building a modern mortgage proposition with brokers at the heart. You shape what we do, guide how we grow, and always have a seat at the table.
More borrowing. More bounce.
Modern flexibility. Long-term certainty.
Mark Eaton
COO, April Mortgages
Fancy crunching the numbers? See for yourself by click here
* compared to average max. loan of Lloyds/Halifax, Nationwide, NatWest, Santander, Barclays and HSBC as at 22/04/2025.