Finance

Perenna partners with Quilter to expand lending network

property lending

Through this collaboration, Perenna’s long-term fixed rate mortgages will be available across the UK through intermediaries working with Quilter

Digital mortgage lender Perenna has announced a partnership with Quilter Financial Planning to expand its lending network and increase access to its long-term fixed rate mortgage products.

Through this collaboration, Perenna’s long-term fixed rate mortgages will be available across the UK through intermediaries working with Quilter. These mortgages offer fixed rates for terms between 15 and 40 years, with a five-year early repayment charge.

Quilter intermediaries will also gain access to Perenna’s products tailored for later life borrowers. With no maximum age limit, clients can benefit from long-term fixed rate capital and interest mortgages, permitting them to spread monthly payments over an extended period. Perenna also provides retirement interest-only products.

The partnership follows several additions to Perenna’s lending panel, which now includes Mortgage Advice Bureau, Stonebridge, Legal & General Mortgage Club, and Connells Group.

As our business matures, our commitment to transforming the UK’s mortgage industry remains, according to Colin Bell, founder and chief operating officer of Perenna. This partnership will make homeownership even more accessible by working with Quilter intermediaries to offer steady, 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 broader range of mortgage options for Quilter intermediaries to offer their clients.

Charlotte Nixon, proposition and distribution director at Quilter Financial Planning, said they were delighted to be partnering with Perenna.

She added: We pride ourselves on offering our mortgage advisers a wide range of products to suit all client requirements, and this partnership helps widen their choice even more.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Invest for Property. The information provided on Invest for Property is intended for informational purposes only. Invest for Property is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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