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Long-term fixed rate specialist Perenna added to Quilter’s lending panel

  • 19/06/2024
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Long-term fixed rate specialist Perenna added to Quilter’s lending panel
Long-term fixed rate firm Perenna has teamed up with Quilter as “part of its ongoing effects to expand its lending network”.

Perenna’s long-term fixed rate product will be rolled out across the UK through intermediaries working with financial advice firm Quilter.

The firm’s long-term fixed rates are fixed for the full term between 15 and 40 years, with a five-year early repayment charge (ERC) in place.

There is no maximum age limit in place and interest-only and retirement interest-only (RIO) products are available.

Charlotte Nixon, proposition and distribution director at Quilter Financial Planning, said: “We are delighted to be partnering with Perenna. We pride ourselves on offering our mortgage advisers a wide range of products to suit all client needs, and this partnership helps broaden their choice even more.”

Colin Bell (pictured), founder and COO of Perenna, commented: “As our business matures, our commitment to transforming the UK’s mortgage industry remains. This partnership will make homeownership even more accessible by working with Quilter intermediaries to offer stable, long-term fixed rate mortgage products, as well as giving people the opportunity to access their property wealth and enjoy it later in life.

“We are excited to collaborate with Quilter and provide a wider range of mortgage options for Quilter intermediaries to offer their clients.”

Perenna opened to the wider broker market earlier this year and has recently joined the lending panels of Mortgage Advice Bureau (MAB), Stonebridge, Legal and General Mortgage Club and Connells Group.

The lender also joined the Deposit Unlock and Own New schemes, which aim to get more first-time buyers onto the property ladder.

In May, Perenna secured a £200m warehouse facility from ABN AMRO Bank to support its growth in the UK market and work towards the issuance of its first covered bond.

It has also received funding from the government to create a long-term fixed rate green mortgage so borrowers in the UK will be incentivised to make their homes more energy efficient.

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