We are thrilled to announce that Perenna has joined Deposit Unlock, a groundbreaking scheme designed to revolutionise accessibility to new build home financing for first-time buyers or those moving home. 

Developed in close collaboration with lenders and the home-building industry, Deposit Unlock empowers prospective buyers to secure their dream new build home with just a 5% deposit. 

Key highlights for homebuyers… 

• Accessible New Build purchases: With Deposit Unlock, buyers can secure a new build home with only a 5% deposit, while the participating builder covers a significant portion. For example, if the builder contributes 4%, the buyer only needs to find 1%, making homeownership more attainable than ever before. 
• Flexible deposit solutions: Recognising the challenges of saving for a deposit, Deposit Unlock offers flexibility in deposit sourcing. Buyers can contribute their own 5% deposit, utilise cash incentives from the developer, or opt for a combination, significantly reducing the upfront financial burden. 
• Enhanced affordability: By reducing the deposit requirement, Deposit Unlock opens doors to homeownership for first-time buyers and those looking to move home, making new build dreams achievable for a wider audience. 
• Exclusive mortgage benefits: In addition to the 5% deposit option, Deposit Unlock mortgages provide access to exclusive benefits, including increased borrowing power, stable monthly payments, and flexible early repayment terms. 

Deposit Unlock mortgages are available exclusively through independent mortgage brokers. Buyers can receive personalised guidance and explore their mortgage options by connecting with a broker today. 

For further information and updates on Deposit Unlock, please visit our website or reach out to our dedicated team. 

Join Perenna in shaping the future of new build homeownership!

Correct at time of publishing.

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

Our latest research sheds light on the prevalent financial anxieties among over-55s regarding mortgage affordability and accessibility. With over a quarter (28%) expressing concerns about affording their mortgage if it transitions to their lender’s Standard Variable Rate (SVR), and an additional 36% anticipating difficulties in managing repayments, addressing these worries is paramount. 

Many older borrowers are contemplating selling or downsizing their homes to mitigate financial challenges, with 37% considering such options and nearly half (48%) in London exploring relocation or downsizing due to soaring property prices. 

Traditionally lenders’ age limit restrictions pose significant challenges for older borrowers seeking new mortgages or remortgages, as highlighted by concerns from nearly two-thirds (60%) of respondents regarding the lack of tailored financial products. Thirty-six percent feel excluded from the market due to age restrictions, emphasising the need for more inclusive solutions. 

Our Retirement Interest Only (RIO) mortgage for those aged over 50 aims to address these concerns by offering flexibility and optionality. As of 4th February 2024, it stands as a market leading long-term fixed-rate RIO product, starting at 5.84% (up to a maximum 60% LTV). This product provides the security of fixed payments, ensuring homeowners can enjoy retirement with peace of mind. 

Arjan Verbeek, CEO and co-founder of Perenna, emphasised the importance of inclusivity in the mortgage market, particularly for older demographics. He stated, “The current UK mortgage market is ageist. A whole demographic is being unfairly excluded and left behind, because of their age. We think that is wrong.” 

The lack of options for people over 55, compounded by fears of being trapped in their provider’s SVR, is a significant concern. Verbeek continued, “Retirees should have solutions available to live the lives they desire and deserve. Our new long-term fixed-rate retirement interest-only mortgage is a step towards financial freedom for older homeowners.” 

Check out our latest product range for current rates.  

Notes 

• All data, unless otherwise specified, is taken from 1,003 respondents conducted by Censuswide in January 2024 – all respondents were homeowners aged 55+ and either heading into retirement or already retired. 
• Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles. 
• “Market leading” – determined by lowest fixed for life retirement interest only product on the market as at 04 February 2024 https://www.equityreleasesupermarket.com/compare-deals/retirement-interest-only 
• End of term age limit – this refers to the age by which the borrower has repaid their mortgage. 

Correct at time of publishing.

Dedicated phone lines and webchat services to provide smoother and more immediate help for our intermediary partners are now available. 

Key updates: 

• Phonelines: Our dedicated support phone lines are available from 9am to 5pm, Monday to Friday, aligning with your essential working hours. 
• Webchat: We’ve introduced webchat services during the same hours, offering a quick and convenient alternative for assistance.
  

Our Intermediary Support Team is here to assist you. 

Graham Laverty, Intermediary Support Manager, shared, “We’re excited to bring you new support options. Our aim is to deliver a first-class experience for our intermediaries, providing support through the onboarding journey and with any new business enquiries”. 

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.

This collaboration means intermediaries working with Legal & General can now provide their clients access to Perenna’s distinctive long-term fixed-rate mortgages. 

Legal & General Mortgage Club’s Director, Clare Beardmore, said , 

“We pride ourselves on offering a range of mortgage solutions to our members that best suit their customers’ needs. Perenna is looking to provide certainty over customers’ monthly payments, and a range that opens up new options for borrowers.  

With recent volatility in mortgage rates, rising living costs and stubborn levels of inflation, long-term stability is something borrowers are searching for more and more. In this changing market, we believe it’s important to continue to expand our product offering and support advisers with new and innovative solutions, so they can best serve their clients. We are excited to see this innovative brand launch on our lender panel.”

Colin Bell, Chief Operating Officer and Co-founder of Perenna, highlighted the benefits for customers, noting, 

“We’re excited to be launching our range of long-term fixed rate mortgages through Legal & General Mortgage Club. Customers will be secure in the knowledge that their monthly repayments are fixed for the long-term, whilst knowing they can also change their mortgage if and when they want to, without any charges, after five years. At a time when mortgage affordability continues to be strained for first time buyers, our products will help people get a foot on the property ladder by allowing them to borrow more in a sustainable way. We believe our products will go a long way to solving some of the mortgage market’s most common issues, and our partnership with Legal & General will help us achieve that goal.” 

Stay updated on our exciting journey by joining our mailing list. The future of homeownership is evolving, and we want you to be a part of it.

Correct at time of publishing.

Tom and Janet will serve as the day-to-day point of contact for brokers, playing a crucial role in developing our brand and cultivating strong relationships with our broker partners, whether engaging with brokers virtually or face-to-face. 

Their responsibilities will include onboarding and training new broker partnerships, being on-hand for business enquiries, pre and post-completion queries, and providing unwavering support throughout. 

John Davison, Head of Product, Proposition and Distribution, highlighted the significance of broker relationships: ‘’Broker relationships are vital when it comes to launching a new bank and building a new brand. We want to ensure that brokers have direct, face-to-face access to a business development team that can help them deliver better outcomes for their customers. It’s great to welcome Tom and Janet to the team, who bring with them a wealth of first-hand broker knowledge and experience.’’ 

National Account Manager, Tim Sorrell, echoed this sentiment, saying: “I am really pleased to welcome Tom and Janet to our growing team. Tom & Janet will play a key role in training our broker partners and bringing them up to speed on all things Perenna.” 

We are thrilled to have them join us at an exciting time in Perenna’s journey.

Correct at time of publishing.