Perenna has partnered with Primis Mortgage Network as the lender continues to expand distribution of its long-term fixed rate products.
Primis is one of the UK’s largest appointed representative networks, with more than 1,000 firms and 2,000 advisers, and the partnership will give more brokers access to Perenna’s growing range.
Perenna said the stability of its long-term fixed rate products enables lending up to 6 times income, helping borrowers who need additional borrowing capacity to step onto the housing ladder.
The partnership follows the launch of its new 7, 10 and 15-year fixed rate products, available up to 95% loan-to-value, offering customers fixed monthly payments without early repayment charges if they move or sell their home.
John Davison, head of product, proposition and distribution at Perenna, said: “Primis is a natural fit for Perenna and this is a key step towards the expansion and normalisation of long-term fixed rate mortgages.
“Through our range of partnerships with the UK’s biggest brokers and networks, we further improve access to products and give consumers the flexibility and choice they deserve.
“Perenna gives consumers a new way to think about their mortgages, and we’ll continue working closely with brokers to see how we can provide solutions to long neglected and underserved segments of the market.”
Craig Hall, director of strategic partnerships at Primis, said: “Borrowers are increasingly presenting complex circumstances and the more options our brokers have to address these nuances, the better.
“Perenna’s flexible long-term fixed rate mortgages provide increased borrowing capability combined with the stability that many buyers may need.
“With Perenna on our panel, our brokers have more tools to address the challenges today’s home buyers face.”
