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.

At Perenna, we believe that everyone deserves 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. 

In our new brand video, we share our journey and passion for change. We want to put you back in control of your finances, allowing you to defend your right to build the life you want. 

Watch our video to see how Perenna is fixing things. Join the mortgage revolution today! 

Correct at time of publishing.

That is why we’re thrilled to unveil Deposit Unlock. This is a ground breaking scheme that brings your dream of owning a new build home within reach. 

Here’s what Perenna Deposit Unlock offers: 

• No more daunting deposit needs. With just a 5% deposit, you can buy your new build home. 
• Flexibility in funding your deposit. Whether it’s your savings, developer incentives, or a mix, we make the journey to owning a home much easier. 
• First-time buyer or moving home? Deposit Unlock can help open that new build door.  

Are you ready to take the first step to your dream home? Our mortgages are available through brokers only. We can help you find a broker to provide advice on your mortgage needs. Plus, they’ll know all about our range, so can answer any questions you may have.  

Find out more about Deposit Unlock and take that first step towards your dream home!  

How much can you borrow?  

To help you understand how a Deposit Unlock mortgage works, here is an example. 

If you buy a house for £200,000, with a 5% deposit of £10,000, you would need a repayment mortgage of £190,000. 

If you repay this mortgage over 40 years on a fixed interest rate of 6.49% this would require 479 payments of £1,111.01, plus 1 payment of £1121.08.  

The total amount payable is £533,534.87 made up of the loan amount plus interest of £343,584.87 and a funds transfer fee of £15.00. The overall cost for comparison is 6.7% APRC representative.¹

Want to find out if Perenna could help you? Why not use our calculator to find out how much you could borrow? It’s completely confidential, does not affect your credit score and should only take a few minutes.

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

¹ Based on a Mortgage Illustration which was produced on 16 April 2024. The information remains valid until 16 April 2024. After that date, it may change in line with market conditions 

 Correct at time of publishing

We want to make it easier to buy a new build home.  

That’s why we’ve launched our Own New Rate Reducer Mortgage.  

What is Own New?

Own New is an initiative that helps create lower rate mortgages for new build homes. Funded by housebuilders who pay a small fee on completion of the sale, there is no cost to you as the buyer. This means you get a normal mortgage and own 100% of your home. 

Who benefits? 

Whether you’re looking to get your foot on the property ladder for the first time, or thinking about buying your next home, Own New could help make that happen. It is available across regions, with many builders participating.  

Perenna Own New perks… 

No teaser rates here! With the Perenna Own New Rate Reducer mortgage, you can enjoy a fixed, lower rate for the entire mortgage term. 

Plus, you will receive all the usual benefits of a Perenna mortgage like increased borrowing power, monthly payments that don’t change, short early repayment charge and no maximum age caps! 

How to secure your Own New mortgage 

Securing your Own New mortgage is straightforward. If the developer of your new build home offers ‘Own New’, they will be able to put you in touch with an approved Own New broker. The broker can talk to you about mortgage options available to you, including a Perenna Own New Rate Reducer mortgage. Check out Own New to find out more.  

How much can you borrow? 

Want to find out if Perenna could help you? Why not use our calculator to find out how much you could borrow? It’s completely confidential, does not affect your credit score and should only take a few minutes. 

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

Correct at time of publishing.

Octopus has created a first-of-its-kind energy tariff providing zero bills for at least five years, guaranteed. This is available on brand new, specially built Zero Bills™ homes (limits and exclusions apply). These properties are installed with a combination of renewable technologies to ensure they minimise the amount of energy they consume each year. As a result, they will be some of the most environmentally friendly homes in the country.  

Perenna has developed a mortgage designed to go hand in hand with these Zero Bills™ homes. 

With a Zero Bills Mortgage, homeowners will receive all the usual benefits of a Perenna mortgage, meaning they can enjoy monthly payments that don’t change, with a short early repayment charge to give flexibility. And, because we know they won’t have energy costs, they can responsibly borrow more with us. By offering a rate discount, we’re proud to reward borrowers for buying a sustainable home and supporting the green energy revolution.  

Our partnership helps homeowners save money whilst reducing their carbon footprint, marking a big step in our goal to change mortgages and promote sustainable living. 

Our Sustainability Lead, Mike, says our partnership is a game-changer for sustainable homeownership. He explains how it helps homeowners and the environment: 

‘’Octopus is leading the way on how new properties should be built to minimise their carbon footprint going forward. This new tariff from Octopus is revolutionary, and we’re excited to have launched a mortgage which helps homeowners get the most from it. 

The combination of a Perenna Zero Bills  Mortgage on an Octopus Zero Bills™ property is a unique proposition for homeowners. Both energy prices and mortgage rates have been incredibly volatile over the past few years, and we’re proud to give consumers an option which removes this uncertainty going forward.’’

Looking ahead, the future of sustainable homeownership is brighter than ever. Our Zero Bills mortgage is just the start. Keep an eye out for more ways we are improving things for Perenna customers as we look to build a greener and more sustainable future. 

If you’d like to find out more, take a look at our Zero Bills Mortgage page.

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

Correct at time of publishing.

Owning a home in your later years can bring security. However, as retirement approaches, it can get tricky. Often, mortgage options are limited. Many high street lenders are now unwilling to allow a mortgage to extend beyond normal retirement date. Even though many people now plan to work to age 70 and beyond or will have regular reliable pension income.

But there are products out there to help.  

Here at Perenna, age is just a number. That’s why we don’t apply age limits to our products. Instead, we assess mortgage applications on property value and whether the monthly payments are affordable (maximum loan to value limits may apply).  

And for those borrowers looking to keep their monthly payments down, we can offer interest-only options. Let’s explore… 

Interest-only options allow people to borrow against their home but only pay back the interest each month. 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.

What’s the difference between a RIO and regular interest-only mortgage?  

The truth is, they can seem similar. That’s because, for both, you only need to repay the interest each month. However, with a standard interest-only product, you will need to show how you’ll pay off the loan at the end of the mortgage term. This could be through savings or selling your home for example.

With a RIO product, you don’t need to repay your loan until you, or if it’s a joint mortgage, the last remaining one of you dies or decides to live elsewhere long term. For example, if you move into a residential home.

For a Perenna RIO mortgage, the other key difference is that they are only available to borrowers over the age of 50.

Why choose a later life mortgage? 

There are many reasons people may want a mortgage into retirement. It could be to support their lifestyle or to pay for home improvements. It could lower monthly payments. Or for some, it may allow them to stay in the home they love.  

Looking at a RIO option can help with all of these things. It can also lower those monthly repayments. And this can help to remove that worry and focus on enjoying life.  

How can Perenna help? 

We want to help homeowners make the most of their retirement. That’s why we’re proud to provide options to those who are looking for mortgages whilst they’re enjoying their golden years.  

A Perenna RIO mortgage is available to borrowers over the age of 50, up to 60% loan to value. 

Want to find out more?  

Our mortgages are currently available through mortgage brokers only. So, if you’d like some mortgage advice, that’s no problem. We can help find someone near you. They’ll provide tailored advice based on your mortgage needs. Plus, they’ll know all about our mortgages, so can answer any questions you may have. 

Find a broker 

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

Correct at time of publishing.

As retirement approaches, homeowners in the UK may find themselves in a tricky situation if they want access to a mortgage. Often the options on offer are limited.   

You may have even read stories about people who aren’t able to shop around or get a mortgage at all, simply due to their age.  At Perenna, we don’t think that’s right. We want to give people more options. So, we’re starting a mortgage revolution. Here’s how… 

Age is just a number 

We want to help homeowners make the most of their retirement. And for us, age is just a number. That’s why we don’t apply maximum age limits. Instead, we assess mortgage applications on property value and whether the monthly payments are affordable (maximum loan to value limits may apply). This could make a huge difference for borrowers who are looking for options in later life.  

Unlock the equity in your home 

Free up money to enjoy a financially responsible retirement while staying in the home you love. 

With a Perenna mortgage, you can use your home’s value to gain financial freedom and shape your dream retirement. 

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, 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. 

Why not use our mortgage calculator to get an idea of how much we could lend to you?  

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 product comes with flexibility as standard. 

We want to make sure our mortgage can 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. 

Why Perenna?  

• No age limits, more options in later life 
• Monthly payments that don’t change 
• Short early repayment charge for flexibility 

At Perenna, our goal is to help you lead a secure and fulfilling life in your golden years. 

Join the Mortgage Revolution for predictable payments,  flexibility, and a commitment to your financial well-being. 

Your home is more than a place; it could be the foundation for an independent later life. Take charge of your homeownership journey and step into a future where every day truly belongs to you. 

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

Correct at time of publishing.

Through our long-term fixed rates, we are turning the mortgage world upside down. Here’s how… 

Maximising borrowing power 

If you’re a first-time buyer struggling with mortgage affordability, Perenna could have the solution to open the doors to your home buying dreams.  

We know the question of ‘how much can I borrow?’ can be a top priority. So, we’ve designed a product to help. With our mortgages, you can borrow up to six times your income, subject to criteria. This could act as a huge boost for those struggling to get onto the property ladder. Plus, as our rates are fixed for up to 40 years, we can help lower monthly payments.  

You can find out more in our blog here.

You may wonder how some people could borrow more with Perenna. The answer is simple. The amount you can borrow isn’t usually based on the headline rate. For short-term fixed rate products, it’s actually the rate you are charged after the fixed rate period ends that is important in working this out. You’ll often see this referred to as ‘standard variable rate’ or SVR.  

At Perenna, the rate is fixed for the whole term. The product does not revert to SVR. This means we don’t need to stress-test monthly payments. We know exactly what you’ll need to pay each month. And because we have this certainty, we may be able to lend more.  

Explore our previous blog for a deeper understanding of the impact of SVR on affordability.

Providing certainty  

Taking out a mortgage is probably the biggest financial commitment of someone’s life. Fixing your rate helps to provide certainty. With our longer-term fixed rates, the monthly payment is fixed for the full mortgage term.  This gives payment certainty and peace of mind. Plus, there’s no need to remortgage every few years. And no need to panic about rising interest rates. Borrowers can leave the worry behind and focus on living their lives. Exactly as it should be!  

Flexibility as standard 

We get it. Enjoying predictable payments sounds great. And not having to worry about remortgaging ever again is hugely attractive. But… fixing your rate for up to 40 years is a long time. How are you supposed to know what your life will look in that time? Don’t worry, you don’t need to. We understand that people want the protection of payments that won’t change. But they don’t want to feel trapped.  And that’s why we’ve made sure our mortgage product comes with flexibility as standard. 

We want to make sure our mortgage can 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. 

Why Perenna? 

• Borrow up to 6 times your income, subject to criteria 
• Monthly payments that don’t change 
• Short early repayment charge to give you flexibility 
• No maximum age caps, giving you more options in later life 

Curious about how much you could borrow? Try our mortgage calculator:

Mortgage Calculator | Perenna  

Join the Mortgage Revolution 

At Perenna, we’re on a mission to break down barriers, and make homeownership accessible.  

Whether empowering first-time buyers with increased affordability or providing payment certainty with our fixed-rate terms, we’re committed to revolutionising the mortgage landscape.  

Explore the power of our revolutionary mortgage here:

Join the Mortgage Revolution | Perenna  

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

Correct at time of publishing.