Home Mover Mortgage with April – the 100 % LTV Solution Without a Deposit
Moving home is exciting, but the upfront deposit often puts plans on hold. Many buyers cannot afford to move despite having a good income and equity in their current home. According to Halifax, the average UK deposit now exceeds £53,000. For many homeowners, saving this amount while paying rent or an existing mortgage is nearly impossible.
This creates a common problem: homeowners want to move, but feel stuck. They may need to sell first or spend years saving before they can take the next step. To help break this cycle, Connect Mortgages now offers a 100% LTV home mover mortgage through April Mortgages. This product could remove the need for a cash deposit entirely.
Why Deposits Stop Many Movers and First‑time Buyers
Rising property prices and increased living costs are making it harder for first-time buyers to save for a deposit. Connect Mortgages reports that the average first-time buyer deposit is £53,414, based on typical property values of £288,136.
More than 61% of buyers receive help from family. Meanwhile, 40% of renters believe they may never be able to afford their own home. Even those with steady incomes and strong credit histories are struggling to meet deposit expectations.
In May 2025, April Mortgages launched a no-deposit residential mortgage. It’s designed for applicants with a reliable income and a solid credit track record. The product complies with current affordability regulations and offers long-term fixed monthly payments.
This new option helps eligible buyers step onto the property ladder without saving. Lenders still conduct full credit and affordability checks, in line with UK regulatory standards.
How April’s home mover mortgage works
April’s no‑deposit mortgage is available only for house purchases in the UK. It does not apply to flats or new‑builds. Applicants must be UK residents aged 70 or under, with a household income of at least £24,000. If eligible, you may borrow the full purchase price of your next home. The interest rate can be fixed for either 10 or 15 years. This product is offered exclusively through authorised mortgage advisers.
Key features at a glance
| Feature | Summary |
|---|---|
| Deposit required | 0 % – April lends up to 100 % of the purchase price |
| Fixed term options | Choice of 10‑ or 15‑year fixed rates for payment certainty |
| Rate reductions | Interest rate automatically falls as your loan‑to‑value improves |
| Early repayment | No early repayment charges when moving or settling the loan |
| verpayments | Unlimited overpayments allowed to reduce your balance faster |
| le property | Main residence (houses only), valued above £75,000 |
Decreasing Payments Over Time
April’s mortgage is designed to reward responsible borrowing. As you make repayments and your loan-to-value (LTV) ratio drops, the lender automatically lowers your interest rate. There’s no need to remortgage or submit paperwork—the reduced rate applies from the next day after entering a new LTV band. This approach allows your monthly payments to fall over time. You may also benefit by making extra payments, as this can trigger lower rates sooner.
No Early Repayment Charges
Unlike many fixed-term mortgages, April does not charge fees for early repayment. If you decide to sell your property or reduce the mortgage balance within the 10- or 15-year term, you can do so without penalty. However, the mortgage cannot be transferred to a new property. Should you wish to buy again, a new application would be required, subject to meeting lending criteria.
Eligibility and Key Considerations
April accepts applications from borrowers with stable income and a strong credit profile. While the lender offers 100% loan-to-value mortgages, this increases the risk of negative equity if property values fall. Applicants should consider whether the mortgage remains affordable under different circumstances. Stamp duty, legal costs, valuation fees, and moving expenses still apply. Speak with a qualified adviser to understand the full financial impact.
Access Through Connect Mortgages
April’s no-deposit mortgage is only available through selected brokers. Connect Mortgages is among the few with access in the UK. By speaking with a broker, you’ll receive personalised advice to assess your options. Connect will compare this product with others on the market, such as 95% LTV or guarantor mortgages, to help you find a suitable choice for your situation.
Benefits for movers
- Move sooner without savings – You don’t need to save a large deposit, which can shorten the time between selling your current home and buying the next one.
- Long‑term payment certainty – Fixing your rate for 10 or 15 years shelters you from interest‑rate volatility
- Reduced payments over time – As you pay down the loan, the rate drops automatically.
- Flexible exit – Sell or repay without early repayment penalties.
- Unlimited overpayments – Make extra payments when you have spare cash to clear the mortgage faster.
Becoming a first‑time landlord through a let‑to‑buy
While April’s mortgage is for owner-occupied homes only, it can still support a let-to-buy strategy.
Let-to-buy means remortgaging your current home to a buy-to-let mortgage. You then rent it out and use the rental income to cover its repayments.
Traditionally, homeowners release equity from their current property to pay the deposit on their new home.
April’s 100% loan-to-value mortgage means no deposit is required for your new home.
This lets you keep your existing property and rent it out without releasing equity.
How Let-to-Buy Works
- Remortgage Your Current Home
You must own the property for at least six months. Most lenders cap the loan-to-value at 75%. Rental income must typically cover 125–145% of monthly mortgage payments. - Apply for April’s Mortgage
Apply for a 100% LTV home mover mortgage for your new home. You do not need to provide a cash deposit. - Use Rental Income for Old Home
Rental income pays the buy-to-let mortgage. Your salary covers your new residential mortgage.
Advantages of Let-to-Buy
- Keep your old home as a long-term investment.
- Benefit from potential property value growth.
- Avoid selling during a slow market.
- Move sooner if time is important.
Points to Consider
Owning two homes brings extra costs and responsibilities. These include:
- Repairs and maintenance.
- Buildings insurance.
- Council tax on empty periods.
- Covering void rental periods with savings.
Stamp duty will be higher on your second property. You may qualify for a refund if you sell your old home within three years.
Always speak with a tax adviser. You may need to declare rental income and understand capital gains tax rules.
Is this mortgage right for you?
April’s 100 % LTV home mover mortgage is suited to buyers who:
- Have a stable income and excellent credit history.
- Want long‑term payment certainty and value the security of a 10‑ or 15‑year fixed rate.
- Prefer the flexibility to overpay or move again without penalties.
- Understand the risks of borrowing 100 % and be prepared for possible negative equity.
It may not be suitable if you plan to rent out the new property (April prohibits letting the mortgaged home), or if you anticipate needing to port the mortgage to another property (porting is not allowed). In those cases, other low‑deposit or guarantor mortgages might be better. Connect Mortgages can compare options and advise on eligibility.
How Connect Mortgages Can Support You
Connect Mortgages delivers whole-of-market mortgage advice based on your individual financial position. Our advisers carefully assess affordability, future objectives, and potential risks before identifying a mortgage solution that suits your circumstances. When a 100 per cent mortgage is not suitable, we consider alternatives that may offer greater stability and long-term benefits.
Access to April Mortgages products is limited to regulated mortgage advisers, including Connect Mortgages. We support clients at every stage of the mortgage journey, from initial review through to completion.
Mortgage professionals can also leverage our broader support network. Advisers who are not directly authorised with April Mortgages can still assist their clients through our referral arrangement. This enables brokers to submit cases to April Mortgages while remaining involved in the advice process and maintaining the client relationship.
Additional information on adviser access and network support is available through the Connect Group.
Click the April Mortgages below to start your enquiry.
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