Perenna collaborates with HL Partnership to widen mortgage access across the UK.
- The strategic alliance aims to offer up to 95% LTV mortgages and six times the borrower’s income.
- Perenna’s no age limit mortgage options cater to the later life market.
- The partnership enhances choices for first-time buyers and those nearing retirement.
- Perenna continues its commitment to providing flexible long-term fixed-rate mortgages.
Perenna’s recent partnership with HL Partnership is a strategic move aimed at broadening access to its comprehensive range of mortgage products. Founded in 2001, HL Partnership has established a vast network comprising 900 advisers and 400 firms, increasing opportunities for potential borrowers. This collaboration signifies a significant step in extending Perenna’s reach, offering access to its innovative mortgage solutions across the UK market.
This partnership introduces attractive mortgage options, particularly for first-time homebuyers, by offering loans up to 95% Loan-to-Value (LTV) and permitting borrowing up to six times an individual’s income. Such flexibility in lending criteria could prove instrumental for new buyers navigating the challenging housing market.
Perenna’s innovative approach does not exclude those in the later stages of life. With no maximum age limit on certain products, individuals in or approaching retirement are presented with increased flexibility and choice, setting Perenna apart in the mortgage sector. This feature is particularly beneficial in offering opportunities to older borrowers who might otherwise face restrictions.
Joining HL Partnership to Perenna’s lending panel—already featuring prominent names such as Mortgage Advice Bureau and Stonebridge—further strengthens Perenna’s position in the market. Colin Bell, founder and COO of Perenna, expressed pride in this expansion, underscoring the firm’s dedication to enhancing borrowing choices. By educating the market on the flexibility of long-term fixed rates, Perenna aims to show that such options enable borrowers to achieve their homeownership goals.
Echoing this sentiment, Neil Hoare, HL Partnership’s commercial director, highlighted the benefits of introducing an innovative lender to their network. He remarked on the potential for delivering positive outcomes amid volatile interest rates, particularly through long-term fixed rates.
The Perenna and HL Partnership collaboration will likely increase mortgage options for diverse borrower needs, enhancing market flexibility.
