{"id":519001,"date":"2024-01-17T16:17:13","date_gmt":"2024-01-17T16:17:13","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?page_id=519001"},"modified":"2025-01-06T17:05:43","modified_gmt":"2025-01-06T17:05:43","slug":"perenna-mortgages","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/mortgages\/perenna-mortgages","title":{"rendered":"Perenna mortgages review"},"content":{"rendered":"
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<\/use><\/svg>Up to 40-year fixed rate mortgages<\/div>\r\n
<\/use><\/svg>Currently only available for those looking to remortgage<\/div>\r\n<\/div>\r\n<\/div> \r\n<\/div>\r\n<\/article>

If you\u2019re looking to buy your first home or remortgage and want to fix your mortgage rate for the long term, it could be worth exploring what Perenna offers. <\/p>

What is Perenna?<\/h3>

Perenna is a new kind of mortgage lender that lets borrowers fix their mortgage rate for a term of 20 to 40 years. It doesn\u2019t offer short term mortgages, so you can\u2019t choose from traditional 2-, 3- or 5-year deals. <\/p>

Rather than funding its mortgages with savings deposits like other lenders, Perenna uses covered bonds. These are debt obligations issued by banks. Perenna issues covered bonds to investors looking for a long term stable income, including insurance companies and pension funds. <\/p>

The company was set up in 2018 and was authorised as a bank by the Financial Conduct Authority (FCA) in 2022. Perenna says its aim is to help more people buy a home they can afford. It offers flexible long term mortgages that protect customers from rising interest rates and enable them to budget better. <\/p><\/div><\/div><\/div>

What type of mortgages can I get with Perenna?<\/h3>

Currently, Perenna only offers residential mortgages on a repayment basis. You can choose from:<\/p>