Perenna has partnered with Air as a part of its dedication to tackling age discrimination within the mortgage market and offering entry to fairer mortgage merchandise for all.
Research by the financial institution discovered that 60% of over 55s report an absence of selection and mortgage merchandise tailor-made to them, and 36% imagine their mortgage is restrictive due to their age.
Through the partnership with Air, Perenna will increase its attain to brokers whose purchasers are in and approaching retirement age.
Advisers can have entry to Perenna’s capital & curiosity reimbursement product, which permits purchasers to unfold their mortgage over a for much longer time interval.
In addition, advisers can have entry to Perenna’s curiosity solely and RIO merchandise, providing a brand new possibility for patrons who must borrow in later life.
Perenna has additionally been named the newest Air Advocate Ambassador.
This follows a sequence of additives to Perenna’s lending panel, which now consists of Mortgage Advice Bureau, Stonebridge, Legal and General Mortgage Club and, most not too long ago, Connells Group.
Perenna chief working officer Colin Bell says: “Partnering with Air will allow advisers entry to Perenna’s mortgage merchandise particularly tailor-made to over 50s, bringing them a step nearer to securing their future.”
Air chief govt officer Paul Glynn provides: “We’re happy to welcome Perenna as our newest companion in tackling this problem, aiming to higher serve these clients with their product providing.”
