Perenna Bank has been added to TMA’s lender panel, giving intermediaries the opportunity to provide their clients with access to the bank’s range of long-term fixed rate mortgages.

Perenna’s mortgages are fixed for the full term, between 15 and 40 years, and only carry early repayment charges for the first five years.

Development director at TMA, Lisa Martin, said: "Borrowers are increasingly presenting complex circumstances and the more options a broker has to address some of these nuances the better. Perenna is an innovative lender and its flexible long-term fixed rate mortgages provide the stability that many buyers need to build a life without the stress of fluctuating mortgage payments.

"Perenna is also relevant to home buyers of all ages and do not have a maximum age limit, so clients can make the most of their retirement with a mortgage that works for them.

"With Perenna on our panel, our brokers have more tools to address the issues facing today’s home buyers."

Head of product, proposition and distribution at Perenna, John Davison, added: "We are delighted to bring our innovative mortgage range to TMA brokers. With the recent volatility in mortgage rates, rising living costs and stubborn levels of inflation, long-term stability is something borrowers are searching for more and more.

"We truly believe our proposition is not only right for the current market but enables future borrowers to enter the housing market who might otherwise feel this is beyond them. We look forward to working closely with TMA."

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