Proc fees - when your proc fee will be paid

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.  

Overview

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.