Perenna has formed a new alliance with HL Partnership, extending its mortgage product access to a wider network.
- This collaboration opens doors for 900 advisers and 400 firms under HL Partnership to Perenna’s mortgage offerings.
- Perenna’s unique mortgage products include long-term fixed rates, flexible lending criteria, and options for later life borrowers.
- The partnership marks another addition to Perenna’s network, including Mortgage Advice Bureau, Stonebridge, and others.
- Leaders from both organisations express optimism about the positive customer outcomes from this partnership.
Perenna has established a strategic partnership with HL Partnership, significantly broadening the accessibility of its mortgage products. This alliance allows 900 advisers and 400 associated firms within HL Partnership unprecedented access to Perenna’s diverse range of mortgage solutions.
Perenna has been a notable provider of unique mortgage products since January 2024, primarily offering long-term fixed-rate mortgages. These agreements serve borrowers at every stage of their homeownership journey, catering to both first-time buyers and those refinancing their homes. Notably, Perenna offers lending solutions that support up to 95% loan-to-value (LTV) and can extend to six times a borrower’s income, significantly enhancing borrower flexibility.
An important aspect of Perenna’s offerings is its no maximum age policy, especially beneficial for those in or nearing retirement. This inclusivity offers greater flexibility and choice to older borrowers looking to secure their housing future. HL Partnership’s inclusion into Perenna’s expansive panel indicates a move towards innovative, flexible borrowing solutions that accommodate a wider demographic.
With this partnership, HL Partnership joins an impressive lineup of networks within Perenna’s lending panel, including Mortgage Advice Bureau, Stonebridge, the Legal and General Mortgage Club, Connells Group, and Quilter. Such alliances demonstrate Perenna’s commitment to expanding its market reach and providing diverse mortgage options.
Colin Bell, the founder and COO of Perenna, expressed pride in this new addition to the lending panel, emphasising the commitment to offering greater choice to mortgage borrowers. Neil Hoare, HL Partnership’s commercial director, also highlighted the potential for positive customer outcomes in a volatile interest rate environment, thanks to the certainty provided by long-term fixed rates.
This partnership between Perenna and HL Partnership holds the promise of enhanced mortgage choices and improved borrowing outcomes for a diverse clientele.
