We are thrilled to introduce the Perenna Own New Rate Reducer mortgage, an innovation that is set to redefine the landscape of new build home financing. 

Own New is an initiative that brings home builders and lenders together to help more people secure a new build home – and we’re proud to be part of it.  

Here’s why the Perenna Own New rate reducer mortgage stands out: 

Borrowers can access an exclusive mortgage product with a lower rate that is secured for the full mortgage term (no teaser rates here). Plus this is coupled with the signature perks of a Perenna mortgage: 

• Increased borrowing power – borrow up to 6 times income, subject to criteria  
• Monthly payments that don’t change 
• Short early repayment charge to give flexibility 
• No maximum age caps, giving more options in later life 

Interested?  

All Own New mortgages can be offered by approved Own New brokers only. If you’re not already on the panel, you can visit Own New to find out how to be added.  

We are excited about the transformative potential of the Perenna Own New Rate Reducer mortgage in the housing market. 

For further information and updates on our Own New Rate Reducer mortgage, please visit our website or reach out to our dedicated team. 

Join us in shaping the future of homeownership!

Correct at time of publishing.

We’re thrilled to announce our recent partnership with Octopus Energy, marking a significant milestone in our commitment to revolutionising mortgages and supporting sustainable living.  

This collaboration with Octopus Energy represents a monumental step forward in our mission to make sustainable homes more accessible and affordable for individuals and families across the board.  

This partnership is centred around our Zero Bills Mortgage, which has been created specifically for people looking to buy properties which Octopus have certified as eligible for their Octopus Zero Bills™  tariff. This game-changing tariff provides a one-of-a-kind energy solution, ensuring zero bills for or at least five years, guaranteed on designated Zero Bills™ homes.  

The combination of this mortgage product and this energy tariff means homeowners secure long-term certainty for their finances. Our Zero Bills mortgage enables homeowners to borrow more, responsibly, as our affordability assessment factors in zero energy costs into the calculation. This Zero Bills™ affordability boost could be worth up to £38k¹.  On top of this, with our Zero Bills mortgage, we’ll also offer a rate discount to reward borrowers for buying a sustainable home and supporting the green energy revolution.  

Together, with Octopus Energy, we are paving the way for a future where sustainability in home energy and home finances go hand in hand. By joining forces, we will lead the charge in transforming the mortgage industry, empowering individuals to embrace greener, more sustainable lifestyles.  

The future of homeownership is evolving, and we want you to be a part of it.   

¹ Affordability boost assumes dual applicants with 3 child dependants, an initial rate of 5.65%, and a Zero Bills discounted rate of 5.50%.

Correct at time of publishing.

We’re thrilled to announce a significant milestone: 1,000 brokers have joined the mortgage revolution and are part of our growing network!  

This achievement reflects our dedication to strengthening partnerships with brokers and our mission to create a nation of happy homeowners. We believe that everyone that can afford to own a home, should be able to own one. And we’re pleased to have a growing network of brokers to help make this happen.   

Our Head of Product & Proposition, John Davison, shared his thoughts: “Reaching 1,000 registered brokers is a testament to the dedication and hard work of our business development team and the trust placed in us by our valued brokers. Together, we’re transforming the landscape of homeownership, one partnership at a time.“ 

At Perenna, we work with a select panel of FCA Authorised Intermediaries. If you are a member of an approved Mortgage Club or AR Network that has joined our panel, you can register to submit business with us. 

We’re growing our panel all the time. If your network or club hasn’t signed up yet, don’t worry, you can join our mailing list to be kept up to date with our latest news. We look forward to you joining us in the future. 

Perenna is dedicated to providing exceptional support and services to our intermediary partners. For enquiries or more information, contact us at 0333 344 1013 or via webchat during office hours.

Correct at time of publishing.

Our first Perenna Live webinar, held on Wednesday 6th March, brought together brokers for an engaging exploration of Perenna’s latest offerings and broker support. 

Arjan Verbeek kicked off the webinar with an insightful introduction, emphasising Perenna’s mission to expand the mortgage market by offering innovative solutions. 

He discussed how Perenna aims to help individuals who face challenges in securing mortgages, including those with affordability constraints and older individuals looking to borrow into retirement. 

Colin Bell then delved into Perenna’s product offerings, highlighting the features that distinguish Perenna from traditional lenders. He elaborated on Perenna’s long-term fixed-rate mortgages, flexible terms, and innovative affordability assessment approach which help to maximise your client’s borrowing power.   

To see how Perenna can help with affordability, why not use our affordability calculator today? 

Colin also emphasised Perenna’s commitment to supporting brokers, describing the procuration fee structure which provides a fee at completion and trail commission when you review your customers’ needs.  

During the webinar, a prevalent question centred on assessing clients transitioning from working life to retirement. Arjan and Colin emphasised Perenna’s ‘age is just a number’; approach, which means we will not apply maximum age limits, ever. They also highlighted Perenna’s pragmatic approach to income assessment and enhanced affordability for borrowers nearing retirement. 

Another pertinent query addressed whether it’s suitable to commit customers to a 40-year term. Arjan and Colin clarified Perenna’s stance, emphasising flexibility over lengthy commitments. They clarified how Perenna’s funding model facilitates short ERCs and flexible fixed-rate terms, ensuring customers have tailored options without enduring prolonged obligations.  

We extend our appreciation to the entire team for orchestrating this successful webinar. The thought-provoking discussions and insightful queries underscore Perenna’s dedication to empowering brokers and customers alike. We eagerly anticipate hosting more of these  webinars in the future. Watch this space…  

In the meantime, if you are interested in exploring how Perenna can help enhance your clients’ mortgage experiences, check out our website or get in touch with our team who will be happy to chat. You’ll find our contact details here:  Contact Us | Perenna Brokers. 

We value your feedback! Share your thoughts on the webinar experience and suggest topics for future sessions by emailing broker@perenna.com

Correct at time of publishing.

Are you assisting first-time homebuyers who are struggling to secure a mortgage due to various challenges? We offer mortgage solutions tailored to address their needs. 

Our recent research shows that many first-time buyers find the process daunting.  Nearly two-thirds of first-time buyers (62%) have faced difficulties securing a large enough mortgage to buy. And 68% say this is because of their income. Rules about how much they can borrow based on their income make it hard. In fact, 42% say the painful experience of securing a mortgage is putting them off. 

Given the challenges, it’s understandable that buying a home can be tough, especially in places like London where house prices are 34% higher than the UK average![1] 

Because of these hurdles, 50% of people delay big life events, like getting married or starting a family, trying to save up for a house.  

Two in five (40%) believe that mortgage lenders need to better support first-time buyers by allowing greater borrowing power. Almost half (48%) agreed that if there was a mortgage that allowed them to borrow more to buy, they would find this attractive.  

That’s where we come in. We have a solution with our long-term fixed-rate mortgages from 15 to 40 years. We can offer your clients a stable, achievable pathway to owning your own home. 

Arjan Verbeek, CEO and co-founder of Perenna, emphasised the importance of addressing the challenges faced by first-time homebuyers. “It’s a travesty younger people are put off from one of the most rewarding experiences in life, becoming a homeowner. Seeing mortgage payments shoot up for millions of people because of how traditional mortgages work will of course put off many would be homebuyers. We need to change this trajectory urgently. We believe everyone deserves a chance to own their home and enjoy living in it without worry. Longer-term fixed-rate mortgages are part of this solution, providing greater borrowing power, and stability through payments that don’t shoot up, a far cry from the way traditional high street mortgages work. Perenna’s goal is to make homeownership a reality for first-time buyers and make us a nation of happy homeowners.” 

Perenna is committed to empowering first-time homebuyers by providing accessible mortgage solutions that make homeownership a reality. 

Join us in our mission to create a nation of happy homeowners. 

Notes:
All data, unless otherwise specified, is taken from 1,025 respondents conducted by Censuswide in January 2024 – all respondents were first-time buyers or those looking to buy their first home.  

Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles.  

[1] Zoopla HPI January 2024 

N.B rates and content correct at time of publication