Perenna has announced an important product update for advisers. Please see below for more details. Contact us for more information.
ANNOUNCEMENTS
We’re pleased to let you know we’re reducing rates on some of our products. Our flexible 5‑year fixed options will now start from 4.53% at 60% LTV. And 4.89% at 95% LTV (fees apply).
Key features of our 5-year Flexible Fixed product:
- 5-year fixed rate, followed by our Perenna Reversion Rate (PRR).
- 10% annual overpayment allowance.
- Flexible ERCs. There is no charge if your client sells, moves, or repays using their own funds.
- ERCs only apply during the fixed-rate period and only if they refinance, switch product, or overpay more than 10%.
- Up to 6x income at 95% LTV, and no maximum age, subject to criteria.
We will be making changes to our product range effective from 6pm Wednesday 21st January.
Applications and any applicable fees for products on our current range must be submitted by 5pm Wednesday 21st January 2026, to secure an existing product rate. Cases submitted after this time will need to select a product from the new range.
As part of these changes, our Deposit Unlock products will also be withdrawn due to the scheme coming to an end.
Please view our full product range for details of our new rates.