About Perenna

How it Works

Step 1: 

Join the Perenna Panel.  

We work with FCA authorised intermediary firms, networks, and selected mortgage clubs. Once your firm has joined the panel you can register for access to the Intermediary Portal. 

Step 2: 

Recommend Perenna. 

Perenna’s products, affordability calculator, and lending criteria can be viewed on this website making it easier to check that the product is suitable for your customer and their circumstances.  

Step 3: 

Get an Illustration. 

In the Intermediary Portal you can get a bespoke Illustration for your customer showing the product details, monthly payments, APRC, and product fees.  

Step 4: 

Get a DIP. 

Perenna offer a soft footprint credit search for your customer so we can give you a quick and easy indication of our intention to lend. DIP decisions are valid for 30 days. 

Step 5: 

Full Mortgage Application. 

When your customers are ready, you can complete the digital mortgage application in the Intermediary Portal. We’ll use AVM and AVI where possible and look to give you a lending decision as quickly as possible.  

Step 6: 

Packaging. 

Once you have submitted your application, paid any fees, and uploaded any supporting documents requested we’ll review the file, assess any supporting documents you have provided, and instruct a valuation if required.  

Step 7: 

Underwriting. 

Once we have received the valuation our underwriters will make a final lending decision. If the application is approved, we’ll issue an offer for you to download from the portal. We’ll also send a copy to each applicant and their conveyancer/solicitor.  

Step 8: 

Completion. 

The customers solicitor will send us a Certificate of Title once they are ready to complete. We will release the funds one working day  prior to completion and send the customer their welcome letter with details of their first payment shortly after..  

Step 9: 

Proc Fee. 

The week after the mortgage completes we’ll send your proc fee to your parent distributor.