Related topic: Mortgage rates

A December dip is mortgage approvals is likely to be short lived, industry experts say.

The lender has also reduced rates on selected 75% LTV two-year products.

Purchase and remortgage rates have reduced by up to 0.18%.

The lender has also reduced rates across 38 existing residential and buy-to-let products.

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.