Perenna has announced a new partnership with Quilter (“Quilter Financial Planning Limited”) as part of its ongoing efforts to expand its lending network and enable greater access to Perenna’s flexible long-term fixed rate mortgage products.
Through the collaboration, Perenna’s long-term fixed-rate mortgages will be rolled out across the UK via intermediaries working with Quilter. Perenna’s mortgages are fixed for the full term, between 15 and 40 years, with only a five-year early repayment charge (ERC).
With Perenna, Intermediaries from Quilter can access products designed for those in later life. With no maximum age limit, clients could benefit from long-term fixed rate capital & interest mortgages spreading their monthly payments over a much longer period. Perenna also offers retirement interest only products.
This announcement follows a series of additions to Perenna’s lending panel, which now includes Mortgage Advice Bureau, Stonebridge, Legal and General Mortgage Club and, most recently, Connells Group.
Colin Bell, Founder and COO of Perenna, commented: “As our business matures, our commitment to transforming the UK’s mortgage industry remains. This partnership will make home-ownership even more accessible by working with Quilter intermediaries to offer stable, long-term fixed rate mortgage products, as well as giving people the opportunity to access their property wealth and enjoy it later in life. We are excited to collaborate with Quilter and provide a wider range of mortgage options for Quilter intermediaries to offer their clients”
Charlotte Nixon, proposition and distribution director at Quilter Financial Planning said: “We are delighted to be partnering with Perenna. We pride ourselves on offering our mortgage advisers a wide range of products to suit all client needs and this partnership helps broaden their choice even more.”
For more information on Perenna and to find out how to join the panel, intermediaries can visit www.intermediary.perenna.com.
