Sesame has announced the addition of April Mortgages to its lender panel.
Appointed representatives of Sesame Network can now advise on April’s suite of mortgage solutions, including the lender’s “no deposit” mortgage and high loan-to-income products, which provide loans of up to seven times income to eligible borrowers.
April’s no deposit mortgage, launched earlier this year, is aimed at borrowers who pass its affordability and credit checks, but face barriers to homeownership due to limited savings.
Sesame said the addition of April would supports its own ongoing growth strategy. In June, the network appointed its first dedicated adviser recruitment team to accelerate growth and attract new members.
Director of Sesame at Sesame Bankhall Group, Toni Smith, said: “[April’s] focus on longer-term fixed rates and 100% LTV products gives our members even more strings to their bow when it comes to supporting first-time buyers. In the current market, where affordability pressures and deposit hurdles remain a challenge, it’s vital that brokers have access to innovative options that can open the door to homeownership.
“While longer-term fixed rates with flexibility such as that offered by April are relatively new to the UK, there is undoubtedly a growing need for the security they offer, and we are committed to seeking out lender partners who think differently and provide solutions to real-world problems.”
Director of mortgage distribution at April Mortgages, Rachael Hunnisett, added: “Our ambition is to modernise the UK mortgage market, with products that offer flexibility when life changes, and peace of mind for the long-term.
“Partnering with Sesame allows us to give more borrowers genuine access to homeownership through a trusted adviser network. This collaboration means we can reach more clients with both innovative and responsible lending, and in doing so, also give advisers the tools they need to make a real difference in their work.”
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