0333 344 1013
Visit Website >
[email protected]
Perenna Bank, PO Box 755, Chesterfield, S43 3LS
Register

Perenna Bank

Perenna Bank has arrived.

Welcome to fixed rates without the catch.

We believe it’s time for a change in the mortgage market. For too long, the market has focussed on short-term lending. As a result, you constantly need to chase new business. And your customers are exposed to interest rate risk; something that is having devasting consequences on many homeowners right now.

At Perenna, we’re focusing on long-term value for our customers and our broker partners. We’ve made it our mission to create a nation of happy homeowners, where everyone who can afford a home can own one. We don’t think homeowners should have to worry about rates changing or being denied access to mortgage products in the future. That’s where we come in. No teaser rates, no rising payments, no shocks. Our ambition is to provide fair and flexible mortgages with short early repayment charges, that meet the needs of borrowers across the UK, whether they are first-time buyers, home movers, want to remortgage or borrow in retirement.

Key Features Tools & Calculators

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Postcode Restrictions

England and Wales Only

Proc Fees

Product	Gross Min	Net Min
All Products	0.40%	0.38%
Additional Borrowing / Porting	0.20%	0.18%
Trail Commission *	0.20%	0.18%

Proc fees - when your proc fee will be paid

Product Type	When does the lender pay PMS?	Frequency
All	Paid the week following completion	Weekly

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.

Key Features

Mortgages are fixed for the full term - no SVR, no cliff edge
No max age

Up to 6x income
5 year ERCs giving flexibility and security

Overview

Register

Register to place business with Perenna:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Perenna offer long term fixed rate residential mortgages.

Our products are fixed for the entire term of the loan and come with only a 5-year early repayment charge.

For us, age is just a number. That’s why we don’t have a maximum age cap.

Our products come with flexibility as standard too, offering porting, further borrowing, and rate switching once the ERC period is over.

We think it’s time to shake up the mortgage market, and we are inviting you along for the journey. You’ll receive a proc fee on completion and we’ll also offer trail commission to reward you for regularly reviewing your customers’ needs.

We also invite you to try our affordability calculator - with no SVR and no stress testing we can lend up to 6x income for an employed household earning more than £50k. We still offer up to 5.25x income for everyone else.

Interested in new builds? Perenna offers bespoke products under Deposit Unlock, Own New Rate Reducer, and the exclusive Octopus Zero Bills scheme. All of these schemes either offer lower rates, improved affordability, or higher LTV caps for new build homes. See more on our website.

Customer looking for Interest Only? We offer interest only as standard up to 75% LTV, including sale of property. The loan must be affordable on a repayment basis but we have no minimum income and only a minimum equity requirement if using sale of property.

Later life lending? Perenna believes that age shouldn't be a barrier to getting the home of your dreams. We have no max age, so if there is income available in retirement we'll lend to 100 and beyond. We also offer RIO for customers who are already retired and are looking for an interest only product.

More details of all our lending policy and products can be found on our broker website.