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The Guardian - UK

Business

Rupert Jones

UK lender offers long-term mortgages that cut rates over time

United Kingdom

A row of colourful houses in London — April Mortgages, which is part of a Dutch company called DMFCO, plans to offer loans for house purchases by early April. Photograph: Henry Nicholls/Reuters

A new lender is offering Dutch-style longer-term fixed mortgages where the interest rate comes down as the home loan is paid off.

April Mortgages is currently only open to people who are remortgaging but plans to offer loans for house purchases by early April.

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