The announcement comes amid a wider rollout of new products from the specialist fixed-rate lender
London, 9 December 2025: Perenna, the long-term fixed rate mortgage lender, today continues the expansion of its product suite with the launch of a 5-year fixed rate mortgage product. The announcement follows the rollout of Perenna’s new 7, 10, and 15-year fixed rate products as the lender responds to market demand.
Borrowers benefit from the financial stability of a fixed rate for 5 years, but are not subject to early repayment charges if they sell or move home within the fixed period or overpay by less than 10% per year. The mortgage is open to anyone who meets Perenna’s standard lending criteria.
The series of new products is designed to deliver Perenna’s unique fixed rate offering to under-served segments of the market, giving borrowers access to flexible loans up to 95% LTV and up to 6x their income. The launch furthers Perenna’s aim to create a nation of happy homeowners.
The new products will be available exclusively through brokers from 8am Thursday 11 December, with rates starting at 4.68% for a 5-year fixed purchase at 60% LTV, with a £995 fee.
Commenting on the new products, Colin Bell, Co-Founder & Chief Operating Officer said:
“Perenna is committed to delivering flexible, secure mortgage options in a market that has struggled to give borrowers what they really need – long-term financial stability without sacrificing flexibility. Our new 5-year fixed is a direct response to broker and customer demand, and the team has worked hard to bring a solution to underserved segments who need certainty and choice.
With this addition to our range, borrowers can now fix for 5 years or more while retaining real flexibility – no ERCs if they move home, or pay down from their own funds as well as the ability to overpay up to 10% a year. Combined with our 7, 10 and 10-year fixed options, it gives brokers a powerful toolkit of long-term stability with true flexibility. For clients who expect to move in the next few years, it’s a compelling way to secure certainty today without locking themselves in tomorrow – they can take the mortgage with them or pay it off if new products at the time are more favourable.”
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
