Long-term fixed rate mortgages
Home >7,10 and 15-year fixed rate mortgages, giving your clients financial confidence that lasts.
At Perenna, we believe homeowners should not have to worry about rising interest rates. That is why our fixed rate product offers both stability and flexibility. Your clients can have a mortgage that moves with them, at no charge.
FAQs
What happens when the fixed rate ends?
When the fixed-rate deal ends, the mortgage will switch to the Perenna Reversion Rate. This is our version of what some call a Standard Variable Rate (SVR). The rate can go up or down based on market conditions.
How is this different to your fixed for life product?
Our 7-15-year fix products lock in your rate for the fixed rate period. Where as our fixed for life mortgages fix for the entire length of the mortgage term, between 10 and 40 years.
What about Early Repayment Charges?
Our 7–15 year fixed-rate mortgages have a flexible early repayment charge (ERC). There's no ERC if the customer moves home, sells the property, or repays the mortgage in full using their own funds. Customers can also overpay up to 10% per year, without a charge. The ERC only applies during the fixed-rate period and only if they refinance, take a new product with us or another lender, or overpay more than 10%.
This site is for the use of registered Intermediaries only
Perenna Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 956138. Perenna Bank PLC is a company registered in England and Wales with company number 13084174. Our registered office is at The Bloomsbury Building, 10 Bloomsbury Way, London, WC1A 2SL
VAT number: 439664553
© 2025 Perenna Bank PLC. All rights reserved.