Perenna Bank has renewed and expanded its £200m warehouse funding facility with ABN AMRO Bank, extending the agreement until July 2026 to support its expanding mortgage pipeline and wider growth plans.
The facility, first announced in April 2024, underpins Perenna’s ability to fund its current product suite and deliver new propositions to market.
It will also help support third-party lending innovations, including its recently announced partnership with Gen H.
Colin Bell, co-founder and chief operating officer at Perenna, said: “Extending and enhancing our relationship with ABN AMRO marks a critical step for Perenna’s ongoing growth as we continue to embed and broaden our proposition in the UK market.
“This funding facility enables us to provide more lending to develop, deploy and support the innovative products that the market needs in order to confront our ongoing housing affordability crisis, and deliver against our mission of creating a nation of happy homeowners.
“Whether first-time buyers unable to secure large enough loans, families unable to upsize as they grow, older borrowers locked out of the mortgage market, or borrowers looking for long-term security, we are committed to solving some of the housing market’s biggest market challenges, and scaling as we do so.”
