You may have thought that your options approaching retirement were limited. With some lenders they are! And that may mean you’re not able to borrow what you need.  

But for Perenna, age is but a number. We want to give you more options in later life. It’s time to take back your borrowing power, whatever your age.  

Over 60 and looking for a mortgage? We may be able to help.  

Taking back your borrowing power  

Forget traditional restrictions; our approach lets you secure a mortgage that can suit your needs, no matter your age!  

Predictable payments  

With Perenna, you will never have to worry about your payments going up.  

If you want to know what you’ll pay each month, our long-term fixed rate mortgages could be a great option. We allow you to fix your rate for up to 40 years, meaning you can plan your future with confidence and financial peace of mind. 

Flexibility as standard  

We get it. Fixing your rate for up to 40 years is a long time. You don’t know how your life will look in that time. And that’s why we’ve made sure our mortgage products come with flexibility as standard.  

We want to make sure our mortgage can fit around your life.  And if rates come down and you’d like to change your deal, or make unlimited overpayments, that’s absolutely fine. You can do so without charge after five years. 

Looking to keep payments down?  

If lower payments are a priority, we can offer interest-only options. This allows you to borrow against your home but only pay back the interest each month. Remember, the original amount borrowed is still due at the end of the agreed term. For those people looking for an option in later life, there’s retirement interest-only (RIO) products too.  

Why choose a RIO mortgage? 

A RIO mortgage could be the right choice if you want to: 

• Lower monthly payments: Paying just the interest keeps costs down.  

• Stay in your home: No need to move or downsize. You can access funds without leaving the place you love. 

• Gain financial freedom: Access the value of your home to cover things that matter, like retirement, home upgrades, or paying off debt. 

• Refinance with ease: Simplifies refinancing as you approach the end of your current mortgage term. 

How Perenna can help 

At Perenna, we offer flexible retirement mortgage options with long-term fixed rates to give you peace of mind. Our mortgages include: 

• No age limit: Whether you are 60 or 80, we do not apply age limits to our products. 

• Predictable, fixed payments: With a long term fixed-rate mortgage you will know your payments will not change during the whole mortgage term. This can help you to budget removing worries about increasing payments. 

• Short early repayment charges: We understand that life can change. That is why we offer short early repayment charges if you need to adjust your terms. 

Explore your options today 

If you are thinking about a mortgage after 60? Choose a lender who understands you! At Perenna, we offer flexible terms and to help you make the most of your retirement. 

Use our mortgage calculator to see how much we could lend you and get an idea of your monthly payments. It is quick and easy!

If you’d like some mortgage advice, that’s no problem. We can help
find a mortgage broker.  

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

Correct at time of publishing.  

Is equity release the only way to borrow in later life? The answer is no! 

Equity release can work for some people, but there are other options that might suit you better. 

At Perenna, we want to give you more choice. Our goal is to help you enjoy your retirement without financial stress. 

What are your alternatives? 

1. Traditional Mortgages (still an option in your 60s!)

Think you are too old for a mortgage? You are not. 

At Perenna, we don’t have an upper age limit. If a traditional mortgage suits your budget, it could be a great option. 

• Fixed monthly payments – Easy to manage. 

• Pay down the loan over time – Own your home outright. 

A traditional mortgage can also help you build wealth and pass your home on to future generations. If you decide to sell, you could use the proceeds to pay off the mortgage.

2. Long-term fixed-rate mortgages = stability for your future

Many people worry about rising interest rates when taking out a mortgage later in life. A higher rate can increase your payment, which is tough if you’re on a fixed income. 

With a Perenna long-term fixed-rate mortgage, your monthly payments stay the same for the full mortgage term. This gives you certainty and peace of mind. 

Plus, after five years, there are no early repayment charges. So, if you decide to explore other options, like equity release, you can do so without penalties.

3. Retirement Interest-Only (RIO) mortgages

Want to keep your monthly payments low? A Retirement Interest-Only (RIO) mortgage could be the answer. 

With this type of mortgage, you only pay the interest each month, keeping payments lower while preserving more of your home’s value. 

It also provides flexibility during life changes, like after a partner’s passing. 

More mortgage choices than ever before 

In the past, options have been limited for borrowers in later life. But not anymore! 

Whether you want to: 

• Pay off an existing mortgage 

• Fund home improvements 

• Help family with a house deposit 

There’s a mortgage to suit you. 

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

Correct at time of publishing. 

Your feedback can make a huge difference at the British Bank Awards 2025! 

This is a big moment for us. We are proud of how our mortgage range has helped give customers more options. But we need your help to go even further! 

The British Bank Awards, run by Smart Money People, choose the best banks based on customer reviews. At Perenna, we work hard to help you, and we’d love to know what you think. Your review can let us know what we do well and help us improve!

Voting is easy, and you could win £1,000! Here is how to take part: 

• Leave a review for Perenna on the Smart Money People website. 

• Each review gives you one entry into the £1,000 prize draw. 

• Voting ends on 22nd April 2025, so don’t miss out! 

Why vote for Perenna? 

At Perenna, we believe everyone should be able to build their life without the worry of fluctuating mortgage rates. That is why we have made it our mission to turn the mortgage world upside down, creating a nation of happy homeowners, one mortgage at a time.  

Your vote could help us make a real difference!  

Details: 

• Voting period: From now until 22nd April 2025 

• Prize draw: One voter will win £1,000. The draw is on 29th April 2025. The winner will be told by 6th May 2025. 
• T&C’s here: https://smartmoneypeople.com/british-bank-awards/terms 

Correct at time of publishing. 

Retirement is meant to be your time to unwind, enjoy the things you love, and create new memories. But what if your home could be part of that journey?

With a flexible mortgage, you can transform your home or move to a new one – without dipping into your savings or feeling the need to downsize. Imagine the freedom to make your dream home a reality. Here’s how you could make it happen:

Renovating your home

Retirement could be the perfect time to make your home yours. Whether you are dreaming of a modern kitchen or a cosy living space, the right updates can help you enjoy your home for years to come.

But how do you fund these renovations? A flexible mortgage from Perenna could be the answer. With a mortgage in your latter years, you can access the value built up in your home to fund those home improvements, without having to sell or use your savings.

• Renovate and make your home work for your needs.

• Add property value with upgrades like a new kitchen.

• Enhance enjoyment by creating a space that suits your retirement dreams.

Relocating to your dream home

If you want a smaller home or to live near family, Perenna’s flexible mortgages let you choose what’s best for you. From a cosy home to a practical place, the choice is yours.

• Move to a smaller home or a new area: Be closer to family or find a community you love.

• Easy-to-manage payments: Fixed payments make budgeting simple.

• More choices: No age limits, so you can explore all your options.

Your dream home could be closer than you think with Perenna.

Why choose a flexible mortgage over equity release?

Equity release isn’t your only choice. A flexible mortgage may gives you more control and freedom. With Perenna, you keep full ownership of your home, enjoy more options, and face no age limits.

• Keep full ownership: You stay in control of your home.

• More flexibility: You have more options to suit your needs.

• No limits: No age restrictions, so you can make decisions when it suits you.

How we can make it easier for you:

• Flexible mortgages for later life: No age limits, giving you freedom to choose at any stage of retirement.

• Predictable payments: Fixed-rate plans keep your budget simple, clear, and stress-free.

• Short early repayment charges: Life changes, and we are here for it – minimal charges if you need to adjust your plan.

Ready to start planning your dream home? With a flexible mortgage from Perenna, you can make the home improvements or move you have always wanted.

Use our mortgage calculator to find out how much you can borrow or
find a broker for advice.

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

Correct at time of publishing.

Times have changed! At Perenna, we are breaking down the barriers to borrowing in later life. Let us tackle the common myths and show you how we make mortgages work for you.

Myth 1: You can’t get a mortgage after 60.

Myth debunked: You can.

Many believe age limits stop you from borrowing, but that is not true. At Perenna, we don’t have age caps. Whatever your age, you still have options. Take back your borrowing power!

Myth 2: Mortgages in retirement are too risky.

Myth debunked: With the right mortgage, they are not.

At Perenna, we offer fixed monthly payments that will not change for up to 40 years. That means:

• No surprises.

• No stress.

• Total predictability.

You can plan your retirement with confidence, knowing your mortgage fits your budget and your life.

Myth 3: Equity release is the only option.

Myth debunked: There are alternatives.

Flexible mortgages, like those from Perenna, let you access funds without reducing the value of your home. Want to free up cash, renovate, or stay in the home you love? We have got you covered. More options = more control.

Myth 4: You can’t get a mortgage with pension income

Myth debunked: You can.

Although some lenders will ignore pension income, Perenna is different. In fact, a long-term fixed rate mortgage can be the perfect match for pension income which is also fixed for the long term.

Why Perenna?

We have designed our mortgages to work for you, not against you:

• No age limits mean more borrowing power at any stage of life.

• Predictable payments allow you to plan with confidence.

• Short early repayment charges provide flexibility when you need it.

Ready to explore your options? Use our calculator to see how much you could borrow and estimate your monthly payments. Or speak to a mortgage broker for expert advice.

Discover how you can make retirement work for you here.

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

Correct at time of publishing.

As we welcome the new year, interior design is embracing bold, timeless trends that help turn any space into a home you love. Here are the top trends to help make your home stylish, welcoming, and personal. 

1. Bold wallpapers and dramatic prints 

Wallpaper is back with bold designs! Think oversized florals, geometric shapes, and strong contrasts. Bold wallpaper can turn any room into something special. Pair it with neutral furniture or warm wood for a cosy and stylish vibe that is all your own. 

2. Curves and waved edges 

Curved furniture and wave-like shapes are on the rise. These soft shapes mixed with structured pieces create a relaxed yet sophisticated space. Curves bring a calm, inviting feel to your home – perfect for your personal retreat. 

3. Rich, warm tones 

Deep, rich colours like burgundy, navy blue, and earthy browns are taking center stage this year. These types of tones add warmth and comfort, making your home feel inviting. Perfect for adding depth to a living room or creating a calm bedroom retreat, these colours help you design a space where you can relax, unwind, and truly feel at home. 

4. Biophilic design 

Biophilic design is about bringing nature inside. Think indoor plants, natural materials like wood and stone, and large windows for plenty of sunlight. This trend creates a calming space. Something to boost both your mood and your home’s atmosphere. When your home feels connected to nature, it is easier to relax and enjoy where you live. 

5. Textured neutral spaces 

In 2025, neutrals get a fresh update with texture. Think soft fabrics, layered finishes, and tactile surfaces. It is the year of bringing life to a muted palette. This trend allows you to enjoy the calming nature of neutral tones, while still adding visual interest and depth to your home. It is the perfect way to create a serene space. 

6. Handmade, artisan pieces 

Handmade designs are gaining popularity. Unique items like hand-carved tables or woven rugs bring character and charm to your home. These pieces tell a story and make your space feel personal and authentic. 

At Perenna, we believe your home should be a place that brings you happiness, comfort, and peace. 

A space that reflects who you are can improve how you feel every day. Just like these design trends, Perenna can help you with your home journey. We are on a mission to create a nation of happy homeowners – because everyone deserves a home they love. 

Whether you’re looking for your first or forever home, we may be able to help. 

Find out more here.

Correct at time of publishing. 

We are so happy! Perenna has won Best Remortgage Lender at the Personal Finance Awards! And we were also highly commended in the Best Fixed Rate Mortgage Provider category!   

This is a huge moment for us!  It shows our commitment to shaking up the  mortgage industry.  

We are here to offer stable but flexible options, with no hidden surprises. And we want to take the worry out of remortgaging. That’s why we’ve created a product that doesn’t need to change every few years. With Perenna, your payments are fixed for the full mortgage term, to give you peace of mind. We’re thrilled to have been recognised for this.  

Thank you to everyone who voted for us. 

Correct at time of publishing. 

Do you think you need a big deposit to buy a home? With Deposit Unlock, that is no longer the case! This scheme helps you secure a new build home with just a 5% deposit, making homeownership possible for more people. 

Whether you are a first-time buyer or moving to a new home, you can start your journey today – even with a smaller deposit! 

5% deposit? 

At Perenna, we know that saving up for a large deposit can feel daunting. Deposit Unlock changes this, letting you secure your new build home with only 5% of the purchase price. This deposit can come from your savings, contributions from developers, or both. It is a simple way to take the first step toward your dream home. 

When you choose Perenna, you get more than just a mortgage; you gain peace of mind. Here is what we can offer: 

• Fixed payments: Enjoy stability with fixed monthly payments throughout your mortgage term. No surprises mean you can budget with confidence. 

• Flexibility: Our mortgages are designed to fit around your life. If you decide to move home, you can take your mortgage with you, no problem. And if rates come down and you’d like to change your deal, or make unlimited overpayments, that’s absolutely fine. You can do so without charge after five years. 

• No age limits: Your age should not be a barrier to homeownership. We believe everyone deserves a chance to own a home, no matter their stage of life. 

How to apply? 

Many people find getting a mortgage tough.  We are here to help provide more options.  

Our mortgages are available through independent brokers who provide tailored advice to suit your needs. They’ll guide you through and help you find the best options for your needs. 

Don’t let the idea of a large deposit hold you back any longer. Deposit Unlock can open doors to your new home. To learn more about how this innovative scheme can make a difference in your life, visit Deposit Unlock.

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

Correct at time of publishing.

Buying your first home is a big step. It’s exciting, but it can also feel daunting. At Perenna, we are here to help. Our flexible long-term fixed-rate mortgages can give you both stability and peace of mind. 

Navigating the challenges of buying your first home 

As exciting as it is to get your foot on the housing ladder, it is natural to have worries. You are not just choosing a home; you are making a big life commitment. So, what should you consider? 

• Budgeting: It’s common to worry about money when buying a home. Stay within your budget. Knowing your finances and sticking to a plan can help you feel more secure. 

• Too many choices: With so many homes to pick from, it can be hard to know where to start! Focus on what’s most important to you and your lifestyle. 

• Commitment: Buying a home is a long-term responsibility. With Perenna, our flexible options can change as your life does. 

• Hidden costs: Don’t forget to budget for things like legal fees, surveys, stamp duty, insurance, and repairs to avoid surprises later. 

• Paperwork: The amount of paperwork can be overwhelming. Keeping your contracts and key documents organised can make it easier. 

How do we offer stability with flexibility? 

Having stability can be an important factor when making such a big decision. Our long-term fixed-rate mortgages let you know exactly how much your payments will be for the full mortgage term no matter what happens with interest rates. This peace of mind lets you focus on what matters—enjoying your new home! 

But we also believe flexibility is essential. That’s why with Perenna, you can: 

• Take your mortgage with you if you move later. 

• Switch to another lender or product without fees after five years. 

If you’re ready to take the first step, try our mortgage calculator to see how much you could borrow. It’s quick, private, and won’t affect your credit score. At Perenna, we’re here to help you every step of the way. 

Ready to start your journey? 

Don’t let worries hold you back from your dream. With stability and flexibility, you can feel secure in your future. Discover how Perenna can help make homeownership a reality today!

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

Correct at time of publishing.

Moving to a new home can be an exciting adventure and a fresh start. Whether you are upsizing, downsizing, or relocating, knowing your options can make your move smoother. 

At Perenna, we are here to help. Our long-term fixed-rate mortgages keep your monthly payments predictable, giving you peace of mind about your budget. 

What should you consider when moving? 

Moving to a new home is exciting, but there are a few things to keep in mind: 

• Managing costs: Moving costs can add up quickly. Create a budget for both moving and mortgage payments to stay on track. 

• Timing the move: Buying and selling at the same time can be tricky. Having a plan and staying flexible can make the process easier. 

• Emotions: Leaving behind memories can be tough. Take time to acknowledge your feelings and enjoy the fresh start. 

• Exploring your new area: Get to know the local area. Find local spots and amenities that will help you feel at home. 

• Building connections: Meeting new people takes time. If you’d like to feel part of a community, you could look for local clubs or events to help you settle in. 

• Handling paperwork: Moving comes with a lot of paperwork. Staying organised can help make it less stressful. Try using folders, making checklists, or setting reminders! 

• Packing and organising: Packing can feel like a big job. A checklist helps keep you on track, and make sure you have essentials to hand.  Remember, there’s no rush to unpack everything right away. 

• Meter readings: Taking readings in your new home is one of the first things you should do. This can help your utility companies make sure your bills are accurate. One less thing for you to worry about!  

Keeping these things in mind, you now need to think about the right mortgage for you. Let’s see how Perenna can help you with this transition. 

Why choose Perenna? 

At Perenna, we are committed to helping you every step of the way. Here is what makes us different: 

Payment certainty 

Fixing your rate for the full mortgage term means you don’t have to worry about your payments going up. So you can plan for the future. 

Flexibility as standard 

You can take your mortgage with you when you move home. After five years, if you’d like to change your mortgage deal, there’s no early repayment charge. 

No age limits 

For Perenna, age is just a number. That’s why we’ve removed age limits. Instead, we assess your mortgage application on your property value and your ability to repay. 

Take the next step with Perenna and explore our mortgages today. We can help you move forward with confidence! 

Correct at time of publishing.