Longer-term fixed

Say goodbye to payment spikes with a long-term fixed rate mortgage

Predictable payments

If you want to know what you’ll pay each month, fixed rate mortgages could be a great option. They can help you to budget and plan for the future. This is because you’ll know your payments won’t change during your fixed rate period.

How much financial stability do you need?

If you like the idea of a fixed rate mortgage, then you have a decision to make. How long do you want to fix your payment? Of course, there are different options available in the market. You can choose to fix the rate over a shorter term (usually between 2 and 5 years) or a longer term.

If you decide to fix your rate over a short term, you’ll need to consider what happens when that deal comes to an end. Will you be able to afford a new mortgage if rates rise?

The Perenna way

We don’t think homeowners should have to worry about rates changing or being denied access to mortgage products in the future. That’s where our long-term fixed rate product comes in. By fixing your rate for longer – between 20 and 40 years – you’ll know exactly what you must pay each month for your whole mortgage term. No teaser rates, no rising payments, no shocks.

Plus, our mortgages are designed to fit around your life. That’s why you can:

  • Take your mortgage with you when you move home
  • Change your mortgage to another lender or product without charge, after 5 years

How can we offer long-term fixed rates?

We want to offer something different to the UK mortgage market. And to do that, we have a funding model that is different to other UK banks. Don’t worry, we won’t go into all the details. But the key thing is, this allows us to offer longer-term fixed rates with flexible terms. Millions of people in the US and across Europe have mortgage products like this. And we think this could be a great option for many homeowners in the UK.


Sound good?

Why not use our mortgage calculator to get an idea of how much we could lend to you? It should only take a few minutes.

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