Perenna has joined forces with HL Partnership to widen the reach of its mortgage products.
- HL Partnership, with its extensive network, offers enhanced access to Perenna’s mortgage solutions.
- The collaboration aims to support first-time buyers with innovative lending options.
- Perenna introduces a no maximum age policy for later life borrowers.
- The partnership aims to improve stability with long-term fixed-rate mortgages.
Perenna is augmenting its influence in the UK mortgage market through a strategic alliance with HL Partnership, the nation’s largest privately-owned network. This collaboration is set to significantly enhance the availability of Perenna’s mortgage products, leveraging HL Partnership’s vast network that encompasses 900 advisers and 400 firms. This move aligns with Perenna’s commitment to providing more flexible and accessible mortgage solutions.
HL Partnership’s inclusion of Perenna in its lending panel means that first-time buyers, in particular, can now access Perenna’s mortgage offerings, which allow up to 95% loan-to-value and up to six times a borrower’s income. By doing so, Perenna is positioning itself as a pivotal player for newcomers in the housing market, offering financial opportunities that cater to their unique needs and challenges.
Furthermore, as part of this partnership, Perenna is addressing the growing demand for later life lending by implementing a no maximum age policy. This progressive approach ensures that individuals approaching retirement can benefit from Perenna’s mortgage products, reflecting a tailored solution for older borrowers who seek financial flexibility.
The alliance with HL Partnership also marks Perenna’s integration with other major networks, including the Mortgage Advice Bureau and Legal & General Mortgage Club. Highlighting this coalition, Colin Bell, founder and COO of Perenna, expressed pride in expanding their lending panel, further underscoring Perenna’s dedication to educating the market on the versatility of long-term fixed-rate options.
Neil Hoare, HL Partnership’s commercial director, shared enthusiasm about the addition of Perenna to their panel. He emphasised that this innovative partnership is timely, especially in a volatile interest rate landscape, as it provides consumers with the opportunity for stable and predictable mortgage solutions.
This partnership is set to redefine mortgage accessibility and stability for various borrower segments across the UK.
