Casper Arboll from Perenna notes that the firm has secured a banking license “with restrictions by the PRA and the FCA.”
They are delighted to share that Perenna has been awarded a banking permit but with certain restrictions by the UK’s Prudential Regulatory Authority and the Financial Conduct Authority.
This means they are “inching closer to launching flexible 30-year fixed-rate mortgages to all who can afford them and is a huge step toward realizing our mission of creating a nation of happy homeowners.”
Previously, they’ve talked a lot about “the benefits of fixed-rate long-term mortgages, and here’s a quick reminder on why [they] can’t wait to offer these to everyone.”
- Accessible – Borrow more based on what you can afford; due to the length of the term customers are not required to be assessed under higher interest rates which in turn limits borrowing amounts
- Adaptable – Our early repayment charge is short, the product is portable; the product flexes to you, not the other way round
- Absolute – Payments are fixed for the whole mortgage term!
Under the flexible 30-year fixed rate product, they will be “offering mortgages with up to 95% LTV.”
Their approach enables them “to help more first-time buyers onto the property ladder, provide mortgages to people in retirement, and protect all customers against the uncertainty of increasing interest rates.”
We’re are all experiencing significant increases in our daily costs.
From steeper food prices to rising energy bills.
The last thing we want to face “is higher mortgage costs because of the way UK mortgages are designed – for the short-term.”
Perenna claims it is “the solution that will help you and your family achieve financial stability on usually your biggest outgoing – your mortgage.”
They claim to have thousands of people already “signed up to the Perenna waitlist.” If you want a Perenna mortgage, then check here to join waitlist.
