Mortgage platform Twenty7tec has added Perenna to its Source search engine, as the long-term lender broadens its distribution.
The home loans firm, which launched last year, lends up to 95% loan to value on fixed-rate terms ranging from 20 and 40 years at up to six times a borrower’s income.
Twenty7tec lender national account manager Nicole Smith says: “Residential purchase and remortgage products will be available to Source via our Twenty7tec Velocity platform.
“In addition, Perenna’s lending criteria will be available to search alongside their products, providing certainty to users earlier in the research process.”
Smith adds: “Given the challenging rising-rate market we’ve been operating in over the last 18 months, long-term fixed propositions like this are becoming increasingly popular.”
Perenna head of product, proposition & distribution John Davison says: “By partnering with Twenty7tec, we are ensuring that mortgage brokers have the opportunity to compare the value of our products against the short-term fixes commonly available.
“As our product suite grows, I look forward to showcasing innovative ideas and products on the Twenty7tec platform and working together to help automate and digitise the broker and customer experience.”
Earlier this week, Perenna joined the lending panels of the Mortgage Advice Bureau and Stonebridge networks, adding more will follow.
Last week, Legal & General Mortgage Club added Perenna to its lender panel.
In November, the long-term lender launched its first long-term fixed-rate home loans to new customers and first-time buyers as part of an exclusive partnership with L&C Mortgages.
The lender’s products are live across several sourcing systems including Ignite, Trigold, Mortgage Brain, and Mortgage Broker Tools.
