Perenna joins SimplyBiz Mortgages panel

October 2, 2024 by Brendan O'Neill

Lenders

Perenna has become the latest mortgage lender to join the panel for SimplyBiz Mortgages, with this decision coming ahead of its widespread market launch later in the year.

SimplyBiz Mortgages is among the country’s biggest mortgage clubs, so there are strong arguments in favour of the move by the lender. The club provides backing for more than 3,000 intermediary companies and over 400 finance organisations. It offers help with business and regulation issues as well as access to key data and the latest tech software. The aim of the club is to assist financial and mortgage advisors in giving their customers the best possible service.

With Perenna set to debut its slate of products within the market as a whole during 2024, this move will make them available to many more advisors. The lender focuses on loans that remain at a fixed rate over a long period of time.

The idea behind this is that customers have greater security at a time when general interest rates have been going up. The fixed rate periods offered by Perenna can be anything from 10 years to 40.

SimplyBiz Mortgages lender relations head Phil Daffern told Mortgage Introducer that the addition of Perenna would give advisors more specialist options for their customers:

“Perenna offers more choice across a broad range of requirements, assisting those looking for stability and flexibility throughout all stages of the lending lifecycle.”

Those who have done the CeMAP training course should be delighted at this addition, at a time when the need for specialist loans is growing.