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As base interest rates rise and homeowners seek to fix their mortgage repayments for longer, new UK lender Perenna has announced it plans to offer 30-year fixed-rate mortgages to first-time buyers, home movers and ‘later life’ borrowers.
Financial regulators have granted the lender a licence with restrictions which Perenna say means they are “inching closer” to their goal of launching 95 per cent loan-to-value mortgages, with rates fixed for a period of 30 years.
