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Anyone with April mortgages?

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pieroabcd
pieroabcd Posts: 689 Forumite
Fourth Anniversary 500 Posts Name Dropper
in Mortgages & endowments
HI,
does anyone have experience with April mortgages?
They say that they have no ERC and that the interest rate falls with the LTV.
Does anyone have real numbers?

Thanks

Comments

  • ACG
    ACG Posts: 24,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    They only launched in November with very few brokers. 
    The chances of anyone dropping in that time and being on this site is very slim.

    4.99% is their current lowest rate (being a niche lender they are never going to be market leading), you can get cheaper elsewhere. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Be surprised if the UK Lenders think this is a good idea and follow suit.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG
    ACG Posts: 24,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Its backed by a dutch pension firm. They are probably  happy to have the money tied up for a while with steady returns. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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