April Mortgages cuts rates as your LTV improves | How April Mortgages Rewards You with Lower Rates as Your Loan-to-Value Improves
When managing your mortgage, saving on interest matters. April Mortgages offers a straightforward and fair way to lower your rate over time.
They reduce your interest rate automatically as your loan-to-value (LTV) improves, with no forms or calls required.
What Is Loan-to-Value (LTV)?
Loan-to-value (LTV) is the ratio of your mortgage balance to your property’s current market value. Lower LTV means lower risk.
Lenders typically offer better interest rates at lower LTV levels, and April Mortgages bases their rates on defined LTV bands.
Some examples include:
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85% LTV
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80% LTV
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75% LTV
If your LTV improves enough to enter a lower band, your interest rate automatically reduces without requiring a remortgage or application.
Automatic Rate Reductions – No Action Needed
April Mortgages automatically adjusts your interest rate when your LTV qualifies for a better rate, based on their tiered band structure.
Here’s what happens:
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They reassess your rate based on the updated LTV band.
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Your new rate takes effect the following day.
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You don’t need to fill in forms or make a request.
This ensures you always benefit from a competitive rate if your LTV improves, saving money with no extra effort.
Applies to Both Fixed and Variable Products
The automatic rate adjustment applies to both fixed-rate and Standard Variable Rate (SVR) products offered by April Mortgages.
Even after your fixed-rate term ends, your SVR continues to reflect your LTV band, so better value remains available long-term.
No Early Repayment Charges
April Mortgages allows overpayments without penalty, offering flexibility to pay off more and reduce your LTV faster.
Whether you’re making regular overpayments, using a lump sum, or clearing the full balance after a sale, no early repayment charge applies.
April Mortgages Cuts Rates as Your LTV Improves | Real-Life Example
A first-time-buyer solution: Imagine you take out a mortgage with a 100% LTV. Over time, repayments and property value growth reduce your LTV to 80%.
April Mortgages will:
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Detect the improved LTV.
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Place your loan into the lower 80% band.
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Reduce your interest rate the next day.
There’s no need to remortgage, switch lenders, or negotiate new terms.
April Mortgages Cuts Rates as Your LTV Improves | Smarter Mortgages, Less Effort
This rate adjustment approach suits homeowners looking for a straightforward deal that rewards positive repayment habits and rising property values.
As your LTV improves—whether through payments or market conditions—your mortgage rate adjusts automatically, reflecting your improved position.
Thinking about switching to April Mortgages?
Speak with a qualified UK mortgage adviser for tailored advice based on your property and financial circumstances.
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