28/10/2026
🏠 100% Mortgage Options Available from April Mortgages
As a mortgage broker at Mortgages by Magda, with access to a wide panel of lenders, I can assess whether this or alternative mortgage options may be suitable for your circumstances.
Some buyers may now be eligible for 100% LTV (no deposit) mortgages through April Mortgages, subject to strict lending criteria and affordability assessment.
If you would like more information, please call on 07542261889 or email [email protected]
🔎 Key eligibility criteria (April Mortgages – 100% LTV)
☑ Minimum household income (£24kpa) and affordability assessment
☑ Strong credit history
☑ Evidence of consistent rental or housing payment history (where applicable)
☑ House Purchases only, no flats or new build houses
☑ First-time buyers and home movers considered
☑ Max loan £600k (free mortgage valuation)
Although no deposit is required, your client has funds for other fees and charges that will be applicable (for example, SDLT, moving costs, legal fees, broker fees and valuation fees etc.)
Built-in safeguards include:
☑ Longer-term fixed rates (10 or 15 years) - shielding you from short-term rate volatility
☑ Automatic rate reductions - as the loan is repaid and LTV improves
☑ Capped LTI at 4.49x
☑ Robust affordability stress testing - ensuring repayments remain manageable, even in adverse conditions
☑ Strict creditworthiness checks - requiring a strong, recent credit history and stable income
☑ There are no ERCs (Early Repayment Charges) when moving house, regular overpayments, lump sums or redeeming in full when clients are using their own funds. If clients are refinancing / remortgaging then ERCs will apply.
⚠ Important risk information
• Borrowing 100% of a property’s value means no equity buffer at completion
• Property values can fall and you may go into negative equity
• Monthly repayments may be higher than lower LTV products
This post is for information purposes only and does not constitute financial advice.
All mortgages are subject to status, affordability checks, and lender criteria.
If you would like a personalised assessment, please get in touch.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority does not regulate some forms of Buy to Lets.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances.