user.first_name
Menu

News

Paradigm adds long-term fixed rate lender Perenna to lender panel

Anna Sagar
Written By:
Posted:
August 28, 2024
Updated:
August 28, 2024

Mortgage, protection and compliance services proposition Paradigm has added long-term fixed rate lender Perenna to its lender panel.

Member firms will be able to access Perenna’s long-term fixed rate deals, which range from 10 to 40 years with a short early repayment charge (ERC) period of five years.

Perenna also offers interest-only and retirement interest-only (RIO) deals and participates in the Deposit Unlock and Own New schemes.

The lender said that its mortgages give payment certainty, short ERCs, no maximum age limit and no stress tests.

Richard Howes (pictured), director of mortgages at Paradigm, said: “Opening up as much mortgage product choice to our member firms is of absolute paramount importance for us at Paradigm, and we’re therefore very pleased to be able to bring Perenna on panel today.

“Longer-term, fixed-rate mortgage options can be a viable option for a whole host of mortgage borrowers, from first-time buyers to those who need lending into later life and retirement, especially for those who want absolute certainty of payment over a longer period.

Sponsored

Mind over mortgages: why we need to look after intermediaries’ mental health

Sponsored by Halifax Intermediaries

“We’ll be working closely with the team at Perenna to introduce them to our member firms and to ensure they are aware of these product options, the criteria and the USPs that come with these mortgages.”

John Davison, head of product, proposition and distribution at Perenna, added: “Our priority is to bring change to the mortgage market and help even more people onto the property ladder by offering access to a wide and flexible range of mortgages.

“Our new partnership with Paradigm helps us get a step closer to achieving this goal, working with and supporting their members in creating a nation of happy homeowners.”