TMA has added Perenna Bank to its lender panel.

TMA intermediaries will be able to provide their clients access to Perenna’s range of flexible long-term fixed-rate mortgages.

Perenna’s mortgages are fixed for the full term, between 15 and 40 years, and only carry early repayment charges for the first five years.

TMA development director Lisa Martin says: “Perenna is an innovative lender and its flexible long-term fixed-rate mortgages provide the stability that many buyers need to build a life without the stress of fluctuating mortgage payments.

“Perenna is also relevant to home buyers of all ages and does not have a maximum age limit, so clients can make the most of their retirement with a mortgage that works for them.”

“With Perenna on our panel, our brokers have more tools to address the issues facing today’s home buyers.”

Perenna head of product, proposition, and distribution John Davison adds: “We are delighted to bring our innovative mortgage range to TMA brokers. With the recent volatility in mortgage rates, rising living costs and stubborn levels of inflation, long-term stability is something borrowers are searching for more and more.”