Fixed for life mortgage

Don’t be fooled by the name. A fixed for life mortgage simply means that the interest rate will remain the same throughout the mortgage term. With Perenna, you get certainty and flexibility. Fixed interest rate with flexible terms for repayment, remortgaging or moving.​

Escape the remortgage cycle​

According to Warren Buffett, a 30-year fixed-rate mortgage is “the best instrument in the world”*. It’s a one-way renegotiation where homeowners gets the ability to refinance when it suits them, not when it suits the bank. With a fixed rate mortgage you never have to worry about being employed at the date of remortgaging, you never have to worry about income change or the interest rate at the time.  ​

  • Let the market work for you
  • Remortgage when it suits you, not when it suits the bank​
  • No more remortgage fees and other hidden costs​​

*CNBC 2017

Free to move with portability​

Perenna’s mortgages offer portability. Porting a mortgage is the process of taking your existing mortgage deal on your current property and transferring it to your new home. This means you won’t have to worry about remortgaging or repaying your mortgage when moving to a new home.​

  • Focus on the things that matter, don’t let a mortgage stop you​
  • Take your mortgage with you if you move to a new home​
  • Borrow more or payback sum to adjust your mortgage​

Pay off early without redemption charge​

A 30-year fixed-rate mortgage offers financial stability and protection against rising interest rates. It does not mean that you will be trapped or stuck with the same deal. In fact, we are offering the same early redemption terms as a 5-year fixed-rate mortgage while offering protection for 30 years.​

  • Secured against interest rate risk for 30 years​
  • No early redemption charges after 5 years​
  • Encouraging you to pay off when it suits you.​

Make budgets that work​

With a 30 year fixed-rate mortgage, you can rest assured your monthly payments will remain the same throughout the mortgage term. It’s your protection against market risk and increasing interest rates. There will be no surprises or risk of reverting to SVR.  ​

  • A clear view of your monthly mortgage payments ​
  • Budget with confidence and avoid bad surprises​
  • Remortgage if rates go down​

Fully digital and always accessible​

Perenna is a digital lender. Your mortgage information and payments are available through our self-service portal. You can use our scenario builder to see how lump sum repayments or an extra loan will affect your mortgage and monthly repayments. ​

  • Digital application process​
  • Mortgage and repayment details online​
  • Scenario builder to see how early repayments or an extra mortgage will affect your personal finance​

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