Perenna expands distribution with new Primis partnership

Perenna has announced a new partnership with Primis Mortgage Network.

The partnership will expand Perenna’s distribution channels, giving more brokers access to its suite of longer-term fixed rate products.

Perenna lends up to 6x income and recently launched a new range of 7, 10, and 15-year fixed rate mortgage products, available up to 95% LTV. Customers of Perenna also benefit from no early repayment charges if they move home or sell their home.

John Davison, head of product, proposition, and distribution at Perenna, commented: “Primis is a natural fit for Perenna and this is a key step towards the expansion and normalisation of long-term fixed rate mortgages. Through our range of partnerships with the UK’s biggest brokers and networks, we further improve access to products and give consumers the flexibility and choice they deserve.

“Perenna gives consumers a new way to think about their mortgages, and we’ll continue working closely with brokers to see how we can provide solutions to long neglected and underserved segments of the market.”

Craig Hall, director of strategic partnerships at Primis, added: “Borrowers are increasingly presenting complex circumstances and the more options our brokers have to address these nuances, the better. Perenna’s flexible long-term fixed rate mortgages provide increased borrowing capability combined with the stability that many buyers may need. 

“With Perenna on our panel, our brokers have more tools to address the challenges today’s home buyers face.”