SimplyBiz has announced the addition of Perenna to its lender panel.
The move takes place with immediate effect and is aimed at helping those looking for alternative lending requirements.
Phil Daffern, head of lender relations at SimplyBiz Mortgages, explained: “The addition of Perenna to our panel will support members who have clients looking for alternative lending arrangements, and we’re delighted to welcome them on board.
“As the market continues to develop, our industry has responded with innovative solutions.
“We can see this innovation in Perenna’s services as it offers more choice across a broad range of requirements, assisting those looking for stability and flexibility across all stages of the lending lifetime, from outset through to later life.”
Launching to the wider market in 2024, Perenna offers flexible long-term fixed-rate mortgages.
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It provides increased affordability, subject to criteria, and has no maximum age limits. This week, the lender released a standard variable rate comparison tool for brokers.
It offers 10 to 40-year fixed rate mortgages, with an early repayment charge of just five years.
Meanwhile, its products include interest-only and retirement interest-only options, as well as two specialist new build propositions.
John Davison, head of product, proposition, and distribution at Perenna, added: “We are excited to partner with SimplyBiz and bring change to the mortgage market to help aspiring and existing homeowners, from first-time buyers to those in or approaching retirement.
“Our new partnership with SimplyBiz helps us get a step closer to achieving this goal, working with and supporting their members in creating a nation of happy homeowners.”
