Home Mover Mortgage with April: Moving home can feel out of reach when the deposit is the biggest barrier. Even homeowners with a stable income, a good credit history, and clear plans for their next property may struggle to save a large cash deposit while managing current mortgage payments, family costs, and moving expenses.
April’s home mover mortgage may help some eligible buyers by offering a 100% loan-to-value mortgage. This means the mortgage may cover the full purchase price of the property, subject to criteria, affordability, underwriting and advice.
This product is not suitable for everyone. Borrowing without a deposit increases the importance of affordability, credit history, property choice and long-term planning. That is why April Mortgages products are available through authorised mortgage advisers rather than direct to customers.
Connect Mortgages can help you understand whether April’s home mover mortgage may fit your circumstances, compare it with other mortgage options and explain the risks before you decide whether to proceed. Read our 100% Mortgage Guide
April Home Mover Mortgage: Quick Facts
| Feature | What it means |
|---|---|
| Product type | Home mover mortgage with up to 100% loan-to-value |
| Deposit | No cash deposit may be required, subject to criteria |
| Fixed-rate options | 10 or 15 year fixed-rate options may be available |
| Product access | Available through authorised mortgage advisers |
| Property type | Houses only, subject to criteria |
| Exclusions | Flats and new build properties are not accepted |
| Minimum household income | £24,000, subject to full affordability checks |
| Age position | Applicants must meet April’s age and lending criteria |
| Overpayments | Unlimited overpayments may be allowed |
| Rate structure | The rate may reduce as the loan-to-value improves |
| Key risk | Negative equity if property values fall |
| Advice required | Yes, suitability must be assessed before applying |
What Is the April Home Mover Mortgage?
The April home mover mortgage is a residential mortgage option that may allow eligible buyers to borrow up to 100% of the property purchase price. It is designed for people who want to buy a home but do not have a deposit available.
For home movers, this may be useful where the next move is important but saving an additional deposit would delay plans. This could apply to buyers who need more space, want to move closer to family, are relocating for work, or need a property that better suits their lifestyle.
The product is also built around longer-term payment certainty. April has offered 10 and 15 year fixed-rate options, which may help borrowers plan their monthly payments over a longer period.
However, a 100% LTV mortgage must be considered carefully. It may remove the deposit barrier, but it does not remove the need for affordability checks, credit assessment, legal costs, moving costs, valuation costs, Stamp Duty Land Tax where applicable, or suitable advice.
For a wider explanation of the product from an adviser perspective, read April 100% Mortgage.
Why the Title Matters
The title should focus clearly on the product and the customer journey. The strongest title is:
Home Mover Mortgage with April: A 100% LTV Option for Eligible Buyers
This is stronger than simply saying “Home Mover Mortgage with April” because it explains the product immediately. It also supports search intent around:
- Home mover mortgage
- April mortgage
- 100% LTV mortgage
- No deposit mortgage
- Mortgage advice
- Eligible buyers
The title should not overpromise. It should avoid implying that every buyer can get a 100% mortgage. The phrase “for eligible buyers” is important because the product is subject to criteria, affordability and advice.
Who May This Mortgage Suit?
April’s home mover mortgage may suit some buyers who have income and affordability strength but limited deposit funds.
It may be worth discussing if you:
- Have a stable income
- Have a good credit history
- Want to buy a house as your main residence
- Need a mortgage with up to 100% LTV
- Want longer-term payment certainty
- Are comfortable with a 10 or 15-year fixed-rate structure
- Understand the risk of high LTV borrowing
- Want the option to make overpayments
- Would value a rate structure that may reduce as your LTV improves
This product may be relevant for home movers who feel financially ready to move but are held back by the deposit requirement. It may also suit some first-time buyers or next-time buyers where the product fits their circumstances and the property meets April’s criteria.
To understand the types of customers who may fit April’s product structure, read Who’s an April Mortgage Customer?.
Who May Not Be Suitable?
April’s home mover mortgage will not be right for every borrower. A no-deposit mortgage can help the right applicant, but it can also create risk if the product is used in the wrong situation.
It may not be suitable if you:
- Have unstable income
- Have poor credit history
- Are buying a flat
- Are buying a new build property
- Want to buy a property to let out
- Want a short-term fixed-rate product
- Expect to remortgage frequently
- Are uncomfortable with the risk of negative equity
- Need to move again very soon
- Cannot afford the other costs of moving
- Do not want a longer-term fixed-rate commitment
The right mortgage depends on more than whether the product is available. Suitability depends on affordability, property type, future plans, deposit position, credit history and attitude to risk.
How the 100% LTV Feature Works
Loan-to-value, often shortened to LTV, compares the size of your mortgage with the value of the property.
With a 100% LTV mortgage, the mortgage may cover the full purchase price of the property. For example, if an eligible buyer purchases a property for £300,000, a 100% LTV mortgage could potentially cover the full £300,000, subject to criteria and affordability.
This can help buyers who have high incomes but limited savings. However, it also means the borrower starts with little or no equity in the property. If property values fall, the mortgage balance could exceed the property’s value. This is known as negative equity.
Negative equity can make it harder to sell, move or remortgage. This is why advice is essential before applying for any no-deposit mortgage.
How April’s Rate Reduction Feature Works
April’s mortgage structure may allow the interest rate to be reduced as the loan-to-value improves.
As you make monthly repayments, your mortgage balance reduces. If your property value remains the same or increases, your LTV may improve over time. When the mortgage reaches a lower LTV band, the rate may reduce automatically, subject to the product terms.
This means borrowers may not need to remortgage, complete a new application or wait until the end of a traditional fixed-rate period to benefit from an improved LTV position.
This feature may appeal to borrowers who want a longer-term mortgage structure that recognises repayment progress over time.
For more detail on this feature, read April Mortgage Rates Reduce as LTV Improves.
What Role Do Overpayments Play?
April’s product structure may allow unlimited overpayments. This can help some borrowers reduce their mortgage balance faster.
Overpayments may be useful if you receive bonuses, commission, inheritance, surplus income or other funds that you want to use to reduce mortgage debt. Reducing the balance faster may also help you reach a lower LTV band sooner, which may support a future rate reduction under April’s product structure.
However, overpayments should be considered carefully. Before paying extra into a mortgage, it is important to think about emergency savings, other debts, future costs and whether keeping cash available may be more suitable.
A mortgage adviser can help you understand whether overpaying supports your wider financial plans.
What Are the Main Benefits?
For eligible borrowers, the April home mover mortgage may offer several potential benefits.
- No cash deposit requirement: The main benefit is that eligible buyers may not need to provide a cash deposit. This may help some buyers move sooner than they otherwise could.
- Long-term payment certainty: The product may offer 10 or 15-year fixed-rate options. This can help borrowers plan their monthly payments over a longer period.
- Rate reductions as LTV improves: The mortgage rate may reduce when the borrower reaches a lower LTV band, subject to product terms.
- Unlimited overpayments: Borrowers may be able to make overpayments, helping reduce the balance faster where suitable.
- Flexibility when moving or repaying: April’s product may offer flexibility around moving home or repaying from personal funds, subject to product terms. Your adviser should explain exactly how this works before you apply.
What Are the Main Risks?
A 100% LTV mortgage carries risks that must be clearly understood.
- Negative equity: The biggest risk is negative equity. This can happen if property values fall and your mortgage balance becomes higher than the property value.
- Long-term commitment: A 10 or 15 year fixed-rate mortgage can offer certainty, but it also needs to fit your future plans. It may not suit borrowers who expect frequent remortgaging or short-term rate switching.
- Other buying costs still apply: A no-deposit mortgage removes the need for a deposit, but it does not remove the wider cost of buying a home. You may still need funds for legal fees, valuation fees, moving costs, Stamp Duty Land Tax where applicable, insurance, surveys and adviser fees.
- Criteria can change: Mortgage products and criteria can change. Any article about a lender product should be treated as a guide only. Your adviser will need to check the current criteria before making a recommendation.
- Your home may be at risk: Your home may be repossessed if you do not keep up repayments on your mortgage.
April Home Mover Mortgage Criteria Checklist
Before speaking with an adviser, it may help to check the main points below.
You may be closer to fitting the criteria if:
- You are a UK resident
- Your household income is at least £24,000
- You have a good credit history
- You are buying a house
- The property will be your main residence
- The property is valued above April’s minimum property value
- The property is not a flat
- The property is not a new build
- You can afford the mortgage now and in the future
- You understand the risk of negative equity
- You are willing to receive regulated mortgage advice
This checklist is not a guarantee of approval. A full application will still be subject to lender criteria, affordability, credit assessment, underwriting and property checks.
Why Mortgage Advice Is Required
April’s products are available through mortgage advisers only. This is because the product needs careful assessment, particularly where borrowing is at or near 100% LTV.
A mortgage adviser can:
- Review your income and outgoings
- Check your credit position
- Assess affordability
- Explain product features
- Explain the risks
- Compare alternatives
- Check property eligibility
- Guide you through the application process
- Explain any fees before you proceed
A good adviser will not simply ask whether you can get the product. They will consider whether it is suitable for your circumstances, goals and future plans.
How Connect Mortgages Can Help
Connect Mortgages can help you determine whether April’s home mover mortgage is suitable for your situation.
Our advisers will review your income, expenditure, credit history, property plans, affordability and deposit position before discussing whether April may be appropriate. If it is not suitable, we can consider other mortgage options that may better fit your needs.
This may include standard residential mortgages, low-deposit mortgages, family-assisted options, remortgage options, moving home mortgages or other lender products.
The aim is not to force a product into your journey. The aim is to help you make an informed decision based on your circumstances.
Thinking About Moving Home With a 100% LTV Mortgage?
April’s home mover mortgage may help some eligible buyers move without a cash deposit, but it is not suitable for everyone.
Before deciding, speak with a qualified mortgage adviser who can review your circumstances, explain the risks and compare the product with other options.
FAQ: Home Mover Mortgage with April
| Question | Answer |
|---|---|
| What is the April home mover mortgage? | The April home mover mortgage is a residential mortgage option that may allow eligible buyers to borrow up to 100% of the property purchase price, subject to criteria, affordability and advice. |
| Do I need a deposit? | A deposit may not be required if you meet April’s 100% LTV criteria. However, you may still need money for other buying costs such as legal fees, valuation costs, moving costs, insurance and Stamp Duty Land Tax where applicable. |
| Can I use this mortgage to buy a flat? | April’s no-deposit mortgage does not accept flats, according to the current product information reviewed for this page. |
| Can I use this mortgage for a new build property? | April’s no-deposit mortgage does not accept new build properties, according to the current product information reviewed for this page. |
| Is this mortgage only for home movers? | The product may be relevant to different customer types, subject to criteria. However, this page focuses on home movers who want to buy their next main residence. |
| What is the minimum household income? | April’s criteria referenced in the reviewed content include a minimum household income of £24,000, subject to full affordability and underwriting checks. |
| Does the rate reduce over time? | April’s product structure may allow the mortgage rate to reduce as the loan-to-value improves, subject to product terms. |
| Can I make overpayments? | April’s product structure may allow unlimited overpayments. Your adviser should confirm the current terms before you apply. |
| What is the main risk of a 100% LTV mortgage? | The main risk is negative equity. This can happen if property values fall and your mortgage balance becomes higher than the value of your home. |
| Do I need a mortgage adviser? | Yes. April’s products are available through authorised mortgage advisers. Advice is important because the product must be assessed for suitability, affordability and risk. |
