5 years ago

Fintech Perenna Raises £7.3M to Launch Fixed-for-Life Mortgages in the UK

  • London-based fintech Perenna has secured £7.3 million in funding to launch its fixed-for-life mortgage product in the UK

  • The company aims to provide borrowers with long-term stability and flexibility by offering 30-year fixed-rate mortgages at competitive rates

  • Perenna's innovative approach is inspired by the Danish mortgage model and is expected to transform the UK mortgage market.

      • ProblemFinancial Services

      "In the UK, mortgages are often short-term and interest rates can fluctuate, making it difficult for people to plan their finances and afford homes long-term."

      Solution

      "Perenna offers fixed-for-life mortgages with competitive rates, allowing borrowers to fix their monthly payments for the entire term of the loan, typically 30 years, providing financial security and making homeownership more accessible."

      Covered on