More than 420 brokers are currently enrolled with the lender
Digital mortgage lender Perenna has expanded its mortgage offerings to a broader range of authorised intermediaries throughout the UK by recently becoming a part of the lender panels of major networks and clubs.
Currently, more than 420 brokers have enrolled with Perenna, with the numbers consistently growing. These brokers are providing advice on Perenna’s mortgage products, which cater to the needs of both first-time buyers and individuals approaching or already in retirement.
The lender extends lending up to 95% loan-to-value (LTV) and offers fixed rate terms ranging from 20 to 40 years, providing borrowers access to reduced monthly payment amount options. Additionally, Perenna provides lending up to six times a borrower’s income, subject to specific criteria, supporting those with affordability challenges.
Perenna, which partnered with Mortgage Advice Bureau, Stonebridge, and most recently, with Legal & General Mortgage Club, also plans to introduce interest-only variants of its long-term fixed rate mortgages soon. Its products are live across many sourcing systems including Ignite, Trigold, Mortgage Brain, Twenty7tec, and Mortgage Broker Tools.
“We are thrilled to open our doors to the wider broker community,” Colin Bell (pictured), chief operating officer and co-founder of Perenna, stated. “It’s great partnering with some of the largest networks and clubs in the UK, and the feedback so far from intermediaries has been very positive.
“With over 420 brokers already registered within a few months and cases flowing, we are creating a strong foundation for introducing greater consumer choice in the mortgage market. Also combining upfront proc fees and payments for life on these mortgages, we are here to support brokers financially for supporting long-term fixed rate mortgages.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
