SimplyBiz Mortgages has added Perenna Bank to its lender panel with immediate effect.

Perenna offers flexible long-term fixed rate mortgages that protect customers from rising interest rates, providing increased affordability.

The lender offers 10 to 40-year fixed rate mortgages, with an early repayment charge of five years, and its products include interest-only and retirement interest-only options, as well as two specialist new build propositions.

Head of lender relations at SimplyBiz Mortgages, Phil Daffern, said that adding Perenna to its panel will support members who have clients looking for “alternative lending arrangements”.

“As the market continues to develop, our industry has responded with innovative solutions,” Daffern commented. “We can see this innovation in Perenna’s services as it offers more choice across a broad range of requirements, assisting those looking for stability and flexibility across all stages of the lending lifetime, from outset through to later life.”

Head of product, proposition and distribution at Perenna, John Davison, added: “We are excited to partner with SimplyBiz and bring change to the mortgage market to help aspiring and existing homeowners, from first time buyers to those in or approaching retirement.

“Our new partnership with SimplyBiz helps us get a step closer to achieving this goal, working with and supporting their members in creating a nation of happy homeowners.”

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