Its long-term fixed rate product offering becomes accessible to more brokers
Digital mortgage lender Perenna has announced a new partnership with the Mortgage Intelligence Group, expanding its distribution network as it continues to grow its long-term fixed rate mortgage offering.
The Mortgage Intelligence Group, which includes the Mortgage Intelligence AR network and Next Intelligence Club, has been supporting mortgage advisers since 1996. The partnership is expected to increase access to Perenna’s fixed rate products across the UK market.
Perenna launched its long-term fixed-rate mortgages earlier this year, aiming to support borrowers at various stages of homeownership. Recently, the lender reduced rates on its residential products by up to 47 basis points, with its flagship purchase product now starting at 5.43%.
The latest partnership adds to Perenna’s growing broker panel, which also includes Air, Mortgage Advice Bureau, Stonebridge, Legal and General Mortgage Club, and Connells Group.
“We’re proud to be working with the Mortgage Intelligence Group and look forward to expanding the reach of our flagship flexible long-term fixed rate mortgages,” said John Davison (pictured left), Head of Product and Proposition at Perenna.
John Cupis (pictured right), managing director at the Mortgage Intelligence Group, commented: “We are thrilled to welcome Perenna to our mortgage panel. Their innovative approach to long-term fixed rate mortgages aligns with our commitment to providing diverse and flexible solutions for our members and their customers.”
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