Related topic: Mortgage rates

The lender's lowest buy-to-let rate now stands at 2.29%.

The reductions span residential, large loan, professional, broker-exclusive and buy-to-let ranges.

New rates will now start from 4.38%.

Perenna's recently expanded product suite offers fixed rates from five to 40 years.

The lender will no longer consider missed payments and/or defaults on communication and utilities as adverse credit.

93% of brokers saw an increase in enquiries from clients with adverse credit in 2025.

Rates have reduced by up to 0.15% across repayment and interest-only products.

The lender has also reduced selected mortgage rates by up to 0.25%.

Reductions apply to the lender's exclusive purchase range and product transfer offering.

The reductions apply across solutions for residential borrowers, buy‑to‑let investors, expat clients and high‑net‑worth individuals.