Perenna is teaming up with the Mortgage Intellligence Group, which will allow its products to be distributed to a wider segment of the market.
This lender specialises in fixed-rate mortgages with lengthy terms of repayment. These are designed to work for a range of different potential customers, from first-time buyers to home-movers. The decision to add The Mortgage Intelligence Group to its panel of brokers means that advisors who work for it will now have access to those mortgages for their clients.
The Mortgage Intelligence Group also incorporates Next Intelligence Club and the Mortgage Intelligence AR networks. It is just the latest in a string of organisations to sign up to the Perenna broker panel.
Others include Connells Group, Legal and General Mortgage Club, Stonebridge, Mortgage Advice Bureau and Air. Talking to Financial Reporter, John Davison from Perenna stated that:
“We’re proud to be working with the Mortgage Intelligence Group and look forward to expanding the reach of our flagship flexible long-term fixed rate mortgages.”
This particular slate of products was first made available by the lender at the start of the year. They have since become the primary focus of its lending. Perenna does offer other mortgages, however, and recently cut the rates across its entire residential slate.
Those for its main loans now begin at 5.43%. In some cases, the rates were reduced by as much as 47bps.
Mortgage advisors often choose to join networks after getting the CeMAP qualification, so that they can access the widest range of products.
