Perenna has announced an important product update for advisers. Please see below for more details. Contact us for more information.
ANNOUNCEMENTS
We have added another flexible product to our mortgage range, a 5-year fixed rate. Giving you even more options to meet your clients’ needs. This sits alongside our existing Fixed for Life range, and our 7, 10, and 15-year fixed rates, offering choice and flexibility for borrowers at every stage.
Key Features:
- 5-year fixed rate, followed by our Perenna Reversion Rate (PRR).
- Rates starting at just 4.68%.
- 10% annual overpayment allowance during the fixed period.
- 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.
From first homes to later life, Perenna’s mortgage range helps clients at every step. This new 5-year fix gives you more flexibility to support them in finding the right mortgage solution.
Advanced warning of product change
We wanted to let you know that we will be making changes to our product range effective from Thursday 11th December.
Applications and any applicable fees for products on our current range must be submitted by 5pm Wednesday 10th December 2025 to secure an existing product rate. Cases submitted after this time will need to select a product from the new range.
Some of our existing products have been either withdrawn or adjusted. Please view our full product range for details of our new rates.