This website is for use by FCA authorised intermediaries only. If you are a customer please visit the customer section of our website.

No nonsense.

Built from the ground up, our New Build proposition

offers a simple, no nonsense approach designed to help more borrowers buy

and importantly, keep their home.

Let's get building.

Play our video below:

Criteria.

1. Built for more borrowers.

90% LTV for both houses and flats
Builder incentives up to 5% with no penalty
Suitable for first-time buyers and home movers

2. Built to offer more.

Up to 7x LTI (10 year fixed rate and £50k+ income at 85% LTV)
Supports a range of income types, inc. employed and self-employed
Included in our AffordAbility+ borrowing boost

3. Built to last. Or not. We're flexible.

Certainty built-in with longer term fixed-rates from 5 to 15 years
Flexibility built-in with no ERCs when moving home or repaying, uncapped overpayments and automatic rate reductions

Criteria Search Tool

No nonsense glossary.

How does April define a new build property?

We define a new build as any property being sold for the first time on the open market in its current state.

What's April's policy on builder deposits, cashbacks and incentives?

5% maximum.

Offer validity period?

We'll issue offers with a 9 month validity period.

Offer extension period?

We don't offer an extension period.

Policy on escalating ground rent?

As per the Leasehold Reform Act 2022, creation of new leases is required to be on a peppercorn basis with no ongoing escalations, so this should be moot for new builds other than conversions.

Maximum number of floors / lift policy for blocks of flats?

No more than 10 floors in a block and any flat on 5th floor or above must have a serviceable lift.

What's April's policy for flats with commercial units on the ground floor?

We will consider any flat above a commercial unit.

Where do I find April's conveyancing panel?

You can find a full list of Smoove panelled solicitors here.

What is 'standard construction'?

In the UK, 'standard construction' in buildings, particulary houses, refers to properties build with traditional materials like brick or stone walls and a pitched roof covered with slate or tile. Anything outsideof these materials or roof types is typically considered 'non-standard construction'.

What is 'non-standard construction'?

In the UK, 'non- standard construction' refers to houses that deviate from the typical brick or stone walls and tile or slate roof construction. These properties often incorporate materials like timber or steel frames, concrete panels or unconventional roofing materials like thatch.

What is Modern Method of Construction (MMC)?

Modern Methods of Construction (MMC) refers to innovative construction techniques that aim to improve efficiency, speed, and sustainability in building projects.

What about New Build Warranty?

We'll always require a suitable New Build Warranty to be provided prior to completion.

You can find a full list of our FAQs below:

FAQs

Documents.

$New Build \Criteria Sheet$

New Build
Criteria Sheet

April Mortgages Limited. Registered Office: 158-160 North Gower Street, London, NW1 2ND. Registered in England and Wales company number: 13514833. April Mortgages Limited is authorised and regulated by the Financial Conduct Authority (FRN 989666).