Perenna’s new collaboration with HL Partnership aims to broaden the availability of its mortgage products in the UK.
- HL Partnership’s extensive network of advisers and firms now has access to Perenna’s lending options.
- Perenna offers mortgages up to 95% LTV, catering to first-time buyers and those nearing retirement.
- With no maximum age policy, Perenna appeals to the later life market.
- This partnership supports Perenna’s goal to educate and expand the mortgage market with flexible long-term fixes.
Perenna has announced a strategic partnership with HL Partnership, enhancing its ability to reach a wider audience within the UK mortgage market. HL Partnership, established in 2001, boasts a significant network comprising 900 advisers and 400 firms. This collaboration provides these professionals access to Perenna’s diverse mortgage offerings, aimed at increasing lending opportunities and tailoring services to meet varied customer needs.
The partnership allows Perenna to lend up to 95% of the property value, an attractive proposition for first-time homebuyers navigating today’s challenging economic climate. Moreover, Perenna brings a distinctive offering to the table with its policy of lending up to six times a borrower’s income, positioning itself as a flexible option for house hunters.
A major highlight of Perenna’s lending criteria is the absence of a maximum age limit, which broadens the scope of their target market to include later life borrowers. By providing these flexible options, Perenna aims to address the needs of all potential homeowners, including those approaching retirement who may have previously faced barriers in securing financing.
HL Partnership’s inclusion in Perenna’s lending panel marks a significant expansion, joining an already impressive lineup of major networks such as Mortgage Advice Bureau, Stonebridge, Legal & General Mortgage Club, Connells Group, and Quilter. This collaboration underscores the strength and appeal of Perenna’s mortgage solutions across the industry.
According to Colin Bell, founder and COO of Perenna, this expansion reaffirms the company’s commitment to diversifying mortgage options and educating the market on the advantages of long-term fixed-rate products. Neil Hoare, commercial director of HL Partnership, noted the potential benefits of introducing Perenna to their network, especially in a fluctuating interest rate market where certainty is prized by consumers.
This partnership between Perenna and HL Partnership signifies an important step towards broader access and flexibility in the UK mortgage market.
