SimplyBiz Mortgages has added Perenna Bank to its lender panel.

Panel members will have access to Perenna long-term fixed rate mortgages that provide increased affordability and have no maximum age limits.

It offers 10- to 40-year fixed rate mortgages, with an early repayment charge of five years.

SimplyBiz Mortgages head of lender relations Phil Daffern says: “The addition of Perenna to our panel will support members who have clients looking for alternative lending arrangements, and we’re delighted to welcome them on board.”

Perenna head of product, proposition and distribution John Davison adds: “We are excited to partner with SimplyBiz and bring change to the mortgage market to help aspiring and existing homeowners, from first time buyers to those in or approaching retirement.”