Top Questions UK homebuyers are asking about Perenna in 2026

Here are the things people ask us most. 

1. 1. Is my mortgage safe with Perenna?

Yes. Perenna is a fully authorised UK bank, regulated by the FCA and PRA. We follow strict rules to protect our customers, so you can have confidence that your mortgage is secure. 

2. 2. What does “Fixed for Life” mean?

It means the interest rate on your mortgage is fixed for the whole term. So if you take out a 30 or 40-year mortgage, your monthly payments will not change during that time – even if interest rates rise. No teaser rates. No payment shocks. 

3. 3. Who can apply for a Perenna mortgage?

You can apply if you: 

• Are aged 18 or over. 

• Are buying or remortgaging a home in England or Wales. 

Like all lenders, we carry out affordability checks to make sure the mortgage is right for you. 

4. 4. How do I apply?

All Perenna mortgages are arranged through independent mortgage brokers. A broker can help you: 

• Understand your options and find the right mortgage for you. 

• Check how much you could borrow based on your circumstances. 

• Guide you through the application process step by step. 

Use our broker finder to get started and connect with a local, trusted professional. 

5. 5. How are Perenna mortgages funded?

Our mortgages are funded through long-term covered bonds. This allows us to offer long-term fixed rates and focus on stability rather than short-term deals. 

6. 6. What types of mortgages does Perenna offer?

We currently offer: 

• Fixed for Life mortgages. 

• 5, 7, 10 and 15-year fixed-rate mortgages with flexible features. 

All our mortgages are for homes you live in (we do not offer buy-to-let mortgages). 

7. 7. Are Perenna mortgages flexible?

Yes, flexibility is built in. Depending on the product, you could: 

• Take your mortgage with you if you move home. 

• Make extra payments of up to 10% of the balance outstanding on your mortgage. 

• Switch to a new deal after five years with no charge. 

This means your mortgage can adapt as your life changes, giving you more control and peace of mind. 

8. 8. What happens when my fixed term ends?

When a fixed-term deal ends, your mortgage moves to the Perenna Reversion Rate.
This is like a standard variable rate and can go up or down based on market conditions. Your broker can talk you through your options before your fixed rate ends. 

9. 9. Can I get a mortgage later in life?

Yes. Some Perenna products have no maximum age limit, so age is not a barrier – what matters is affordability. You will still get predictable monthly payments and flexible features, like the ability to move home or make extra payments. Use our mortgage calculator to see what you might be able to borrow or speak to a broker for guidance tailored to your situation.

You could lose your home if you don’t keep up your mortgage repayments.