Perenna has partnered with the Mortgage Intelligence Group, as it broadens the distribution of its long-term fixed rate mortgage proposition.

The Mortgage Intelligence Group includes the Mortgage Intelligence AR network and Next Intelligence Club.

Perenna recently dropped rates across its residential offering by up to 47bps, with its flagship purchase product starting at 5.43%.

This is the latest in additions to Perenna’s broker panel, which now includes Mortgage Intelligence Group, Air, Mortgage Advice Bureau, Stonebridge, Legal and General Mortgage Club, and Connells Group.

John Davison, head of product & proposition at Perenna, said: “We’re proud to be working with the Mortgage Intelligence Group and look forward to expanding the reach of our flagship flexible long-term fixed rate mortgages.”

John Cupis, managing director at the Mortgage Intelligence Group, added: “We are thrilled to welcome Perenna to our mortgage panel. Their innovative approach to long-term fixed-rate mortgages aligns with our commitment to providing diverse and flexible solutions for our members and their customers.”