April Mortgages has announced a new partnership with SPF Private Clients, expanding its distribution among mortgage advisers.
SPF Private Clients is a national brokerage that employs over 220 people, with offices in 10 locations across the UK, Channel Islands, Hong Kong and Singapore.
The partnership means that SPF advisers will have access to April Mortgages’ range of long-term fixed rates, while advisers who use the Legal & General (L&G) Mortgage Club will be able to refer clients to SPF, as the adviser is part of the L&G Referral Pro panel.
This means clients can benefit from access to products they value, while the referring advisers receives a competitive commission, with no risk of cross or repeat sales.
April Mortgages offers a range of fixed rate products from between five to 15 years, with LTVs of up to 95% for purchase and 85% for remortgages respectively.
Borrowers who move house or use their own funds to repay the mortgage are exempt from early repayments charges, while the fixed rate on offer reduces automatically as the borrower drops into lower LTV brackets as they pay off their balance or the property gains in value.
Director for head of lending at SPF Private Clients, Gareth Lowman, said: "We are delighted to be working with April Mortgages, adding long-term fixed rate mortgages to the range of options available to our advisers and their clients.
"The rate volatility we have seen in the last few years has highlighted the benefits that long-term fixed rates can provide, and there will be borrowers for whom these terms are more desirable than the traditional short-term fixed rates that are typically on offer."
Chief operating officer at April Mortgages, Mark Eaton, added: "Not only will the SPF advisers have access to our innovative range of products, but advisers from across the market will be able to refer suitable clients through the L&G Referral Pro panel.
"Expanding our distribution in this way means we can deliver peace of mind and improved certainty to greater numbers of borrowers and advisers."
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