Mortgage Brain, the leading technology provider to the mortgage industry, welcomes Perenna to its award-winning Sourcing Brain and Criteria Brain platforms, bringing long-term fixed rate mortgages to even greater numbers of intermediaries.
Perenna is a new kind of mortgage bank that specialises in flexible long-term fixed rate residential mortgages. The challenger bank lends up to 95% LTV and offers fixed rate terms from 20-40 years, giving borrowers certainty over their monthly payments for the whole mortgage term. This allows borrowers to better plan for the future, and it allows Perenna to help more people onto the property ladder.
Perenna is also designing interest-only variants of its long-term fixed rate mortgage. When they launch, details will be available on Sourcing Brain and Criteria Brain for interested intermediaries. Mortgage Brain’s award-winning platforms are widely recognised and utilised by over 15,000 intermediaries throughout the UK.
John Davison, Head of Product, Proposition & Distribution, Perenna
Neil Wyatt, Sales & Marketing Director, Mortgage Brain