Perenna offers fixed-rate mortgages with consistent monthly payments, allowing borrowers to secure up to six times their income without age restrictions. This approach eliminates the uncertainty of fluctuating payments and long-term financial shocks, providing a stable foundation for homeownership.
Funding
$95.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional mortgages often feature variable rates or short-term fixed rates, leading to unpredictable monthly payments and potential financial strain for homeowners. Borrowers may also face age restrictions that limit their access to mortgage products, particularly in later life.
Solution
Perenna offers fixed-rate mortgages designed to provide consistent monthly payments for the long term, eliminating the uncertainty of fluctuating rates. Their mortgages allow borrowers to secure up to six times their income, subject to criteria, and remove maximum age caps, offering greater flexibility and access to homeownership at any stage of life. By focusing on long-term stability and removing age-related barriers, Perenna aims to create a more secure and accessible path to homeownership. These mortgages are available through mortgage brokers who can provide tailored advice.
Target Audience
Perenna's primary customers are first-time homebuyers, individuals looking to remortgage or move to a new home, and those in later life seeking stable and accessible mortgage options.
Features
- Fixed-rate mortgages with consistent monthly payments for long-term financial stability
- Borrow up to six times your income, subject to criteria
- No maximum age restrictions, providing mortgage options in later life
- Short early repayment charge for increased flexibility
- Available for first-time buyers, home movers, and those looking to remortgage
- Offers specialized mortgage options such as Deposit Unlock and Own New
- Access to a mortgage calculator to estimate borrowing potential and monthly payments