The Intermediary – March 2026 - Flipbook - Page 47
members to realise their homeownership dream
– and lenders looking for ways to offer it should
be applauded.”
The range of people applying tells its own
story. April Mortgages – which offers 100%
John Phillips, CEO at Just Mortgages and
Spicerhaart – which became April’s first national
estate agency linked broker partner for its 100%
offering – has seen good demand.
He says: “Working with April Mortgages, we
deals to both FTBs and home movers – has seen
consistently see that borrowers are not stretching
applicants of all ages since launching last May.
too far and actually keep good headroom
“Our youngest applicant is 18, the oldest we
between the loans taken out and their full
have seen so far is 63,” says Rachael Hunnisett,
borrowing potential. This only reinforces the fact
director of mortgage distribution.
that it is more about answering the deposit gap
April Mortgages offers 10- and 15-year fixed
products for employed and self-employed
applicants with a minimum income of £24,000 –
only on houses, and not new-build.
Hunnisett says: “The longer term provides
peace of mind and removes fear of rate shock or
product availability every two years. The product
among otherwise creditworthy borrowers.
“Since launching April’s 100% LTV offering, we
have seen increased demand and enquiries – our
brokers actively submit cases with good levels
of acceptances.”
In reassurance to those still clutching their
pearls, however, high-LTV borrowing still
allows uncapped overpayments and the rate
accounts for only a fraction of overall lending.
drops automatically as the LTV drops, providing
Bank of England and Financial Conduct
borrowers with the opportunity to build equity.”
Authority (FCA) data for Q3 2025 show that
p
March 2026 | The Intermediary
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