Perenna has reduced pricing on its long-term fixed rate mortgage range by up to 0.50%, and has extended its range of terms, now including 15-years and 20-years.
Perenna’s range of fixed rate mortgages now start at 4.99% – up to 40% loan-to-value (LTV), with a product fee, fixed for 15 to 20-years.
Perenna’s 95% and 90% LTV purchase products are now 5.99% and 5.76%, down from 6.04% and 5.90% respectively.
Colin Bell, co-founder and COO, Perenna, said: “Our flexible long-term fixed rate mortgage provides a great option for consumers who are looking for the complete mortgage product – increased affordability, rate stability, and flexibility through short Early Repayment Charges (ERCs) – you remortgage when and if it is good for you, not at the wrong time.
“With Consumer Duty now in place, brokers will see this product as an antidote to the ‘possible foreseeable harm’ placed on borrowers by traditional short-term fixed rate products.”
