Tag: Perenna
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Perenna Reduces Mortgage Rates by Up to 0.5%
Perenna, the innovative mortgage lender, has just announced big cuts to its interest rates – meaning cheaper borrowing for you. The biggest winners are those looking at Retirement Interest-Only (RIO) mortgages. These specialist products, designed for older borrowers, have plummeted by up to 0.47% – that’s nearly half a percent! That means a 60% LTV…
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Reduced Mortgage Rates and 10-Year Fix Announced by Perenna
Perenna, the specialist long-term fixed-rate lender, has announced a shake-up of its mortgage range, including the introduction of a 10-year fixed-rate deal. This will sit alongside its existing range of 15-year fixed-rate mortgages. What are the new rates? The lender has cut rates across its range, with some of the biggest savings to be made…
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Cut Your Mortgage Rate by Going Green
New green mortgage deal could save homeowners thousands! In a bid to help combat climate change and soaring energy bills, innovative mortgage lender Perenna has launched a new scheme to help homeowners make their homes more energy efficient. The new scheme, partially funded by the Department for Energy Security and Net Zero, will allow homeowners…
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New Mortgage Offers Zero Energy Bills for a Decade
Octopus Energy in collaboration with bond bank Perenna, has rolled out the ‘Zero Bills’ home mortgage. This unique financial product is tailored to make eco-friendly homes more accessible to buyers across the United Kingdom, potentially revolutionising the way we think about energy and homeownership. The ‘Zero Bills’ mortgage enables homeowners to inhabit properties that are…
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A New Dawn for UK Mortgages? The Rise of Long-Term Fixed Rates
Obtaining a mortgage is a rite of passage for many, but with rising mortgage rates and a volatile market, prospective homeowners are facing challenges. Traditionally, UK borrowers opt for short-term fixed-rate mortgages — more than 90% choose terms of five years or less due to their initial low costs and flexibility. However, this approach comes…
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Dream Home, Dream Loan – Mortgages for First-Time Buyers
Embarking on the journey of buying your first home is an exhilarating yet complex adventure. With over 6,000 mortgage deals in the UK market, the path to finding the right one might seem overwhelming. The Guardian’s financial expert wrote a guide to help – here’s a summary. Fixed Rate or Tracker For those closely watching…
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Is Your Wallet Ready for the Mortgage Crisis?
For many homeowners across the UK, the recent surge in mortgage payments has felt like an unending financial nightmare. With over nine million mortgaged households and nearly two million buy-to-let landlords staring down the barrel of significantly higher payments, the question on everyone’s lips is: Are we in the midst of a mortgage crisis? The…
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“Own New” – Sub-1% Mortgage Rates Now Available for New Builds
Own New has unveiled a mortgage scheme that harks back to the near-record low rates of Autumn 2021. But there’s a catch – these dreamy rates are exclusive to new-build home buyers. Dubbed the “Rate Reducer” scheme, this innovative offer promises to make homeownership more accessible and affordable, especially for those willing to invest in…
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Dutch-Style Mortgages Make Their Way to UK Shores
A Dutch lender named April is introducing an innovative mortgage product that promises to make homeownership more accessible and affordable for Britons. This Dutch-style mortgage model, a first of its kind in the UK, is designed to reduce the interest rate as the homeowner pays down their loan, offering a significant financial relief over the…
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Perenna Mortgages Allow 6x Income and 40 Years Fix
Perenna is stepping into the UK mortgage market with an ambitious proposal: allowing borrowers to secure up to six times their annual income. This is a substantial increase compared to traditional lending limits, which often cap at around 4.5 times the income. Furthermore, Perenna is revolutionizing the concept of fixed-rate mortgages by offering terms ranging…