Perenna joins The Right Mortgage & Protection Network lending panel – Mortgage Strategy

The Right Mortgage & Protection Network has added Perenna Bank to its lender panel.

The Right Mortgage appointed representative (AR) firms and their advisers will be able to access Perenna’s range of long-term, fixed-rate mortgages, fixed for the full term between 15 and 40 years, with a five-year early repayment charge (ERC).

Perenna’s range of mortgages are available to first-time buyers, home movers, remortgagors, and those who want to borrow into retirement.

The lender’s mortgage criteria includes no standard variable rate-based stress tests, up to six times income, a short ERC, no maximum age limit.

Meanwhile, procuration fees payable at completion as well as trail commission when the adviser reviews the client’s needs.

The Right Mortgage & Protection Network chief executive officer Martin Wilson comments: “New lenders, especially those who come to market with a unique proposition, are always of interest to both us as a network and our AR firms, so it is very pleasing to be able to add Perenna to our lender panel today.”

Perenna national account manager Deb Reeves adds: “We are delighted to be working with The Right Mortgage & Protection Network and bringing the benefits of flexible, long-term fixed rates to more broker partners.”