April Mortgages offers 7 times income mortgage

April Mortgages - only accessed via a mortgage broker - offers first-time buyers, renters, and home-movers the option to borrow up to 7 times their income on its longer-term mortgages.

The product, which launched last year, was designed for those facing affordability challenges.

The higher income multiples will be available to first-time buyers, home-movers, employed and self-employed borrowers on 5- to 15-year fixed rates.

They currently offer:

  • Up to 7x income
  • 0% deposit option
  • Available to first-time buyers, home movers and renters
  • No early repayment charges when moving home in the future
  • Unlimited overpayments allowed
  • Rate reduction during the fixed term if the loan to value reduces

April Mortgages is FCA authorised and regulated and operates exclusively through mortgage intermediaries. 

To see if you are eligible or find out more about this product, contact us on 01628 507477.

Recent posts

There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.

Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.

Call us for more information: 01628 507477 or email: team@mortgagerequired.com.

Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.

Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.

Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.

This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago

Take a look at our list of houses vs. flats per area.

We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.

Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.

According to data from House Buyer Bureau, where over 900 UK homebuyers were surveyed, 54% of people said that they immediately ruled out digitally enhanced property listings.