His appointment follows that of Mark Eaton, who was recently named chief operating officer.
“I’m thrilled to be heading up product development at April Mortgages, and continuing to build awareness of the benefits that certainty and flexibility can deliver to mortgage advisers and borrowers,” Pagan said.
“My experience so far in the mortgage market has given me a great insight into why we so badly need these products, and how they can provide genuine security and comfort to everyone involved. For too long, it has been difficult for borrowers to benefit from longer term fixed rates in the UK, but we are determined to change that.”
April Mortgages offers fixed rates across five- to 15-year terms, with loans available up to a maximum of 95% loan-to-value (LTV). It also adjusts the borrower’s interest rate when they move into a lower LTV band, either through mortgage repayment or house price growth, aiming to provide long-term certainty and stability.
“April Mortgages is committed to its mission of offering an alternative to the frenetic, stressful experience of short-term fixed rates, for both borrowers and mortgage advisers,” Eaton said.
