US EditionDutch-style mortgages arrive in UK
- UK subsidiary bank DMFCO has provided over £30 billion in loans through its mortgage lending arm, Munt, in the Netherlands since 2014.
- April Mortgages aims to widen its criteria, launch a house purchase offering, and expand into Scotland. It will refer customers back to brokers for advice.
- Lender April Mortgages plans to offer longer-term fixed mortgages that reduce the interest rate as the loan is paid off. It also does not have early repayment charges.
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What is a Dutch mortgage? Lender to offer home loan where rates reduce over time
A DUTCH-owned mortgage lender is launching fixed-rate products with interest rates that reduce as you pay off the loan. April Mortgages has started offering remortgage products from 4.99% available for those who fix for between five and 15 years. AlamyDutch-style mortgages have been unveiled in the UK – but are they worth it?[/caption] It will launch mortgages for first-time buyers in March. But, unlike with other lenders, as homeowners pay off …
·United Kingdom
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