Perenna unveils new 10-year fix and cuts rates

Published on

Perenna has reduced rates across its residential offering and has introduced a new 10-year fixed minimum term for purchase and remortgage.

Across its remortgage range, Perenna has reduced rates by up to 38bps, now starting from 5.71% at 60% LTV with a £1,999 fee.

Improvements have also been made to Perenna’s purchase range with rates reduced by up to 27bps, now starting from 5.15% at 60% LTV with a £1,999 fee. The lender has also lowered rates by up to 50bps across its RIO products, starting at 5.79% at 60% LTV with a £1,999 fee.

Perenna’s flagship long-term fixed-rate mortgage products give borrowers added security, flexibility and affordability. The new 10-year minimum term offered across most of its range provides borrowers with more choice, now allowing brokers to advise on fixed terms of between 10 and 15 years across its purchase and remortgage range.

Colin Bell, Perenna’s co-founder & COO, said: “Perenna continues to be one of the few lenders in the UK to offer long-term fixed-rate products, and we are constantly looking to expand and strengthen our offering to provide greater choice and flexibility for our customers. With the latest reduction to our minimum term and rates, we aim to help as many borrowers as possible, whether they be first, second or later-life buyers.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...