Perenna completes Scroll Finance integration
The lender appointed Mil Consiglio as head of sales to support the expansion and develop its broker relationships.
Perenna has completed the integration of second charge lender Scroll Finance as part of its expansion into specialist lending.
Scroll Finance will continue to operate as a separate brand focused on second charge lending.
Its products include second charge mortgages for buy-to-let (BTL) investors, 2- and 5-year home equity loans, home equity lines of credit and multi-property loans.
Perenna also plans to launch a first charge buy-to-let (BTL) product later this year.
The lender has appointed Mil Consiglio as head of sales to support the expansion and develop its broker relationships.
Consiglio joins from CHL Mortgages and brings 16 years of business development experience, including roles at Lloyds Bank and Vida Homeloans.
He will report to Ashish Kashyap, who was appointed deputy chief executive and chief commercial officer following the Scroll acquisition.
Kashyap said: “Perenna was founded to bring innovation and competition to the UK mortgage market, and it has had significant early success.
“As the business matures, we have the opportunity to diversify into segments of lending where borrowers and brokers continue to be underserved.
“Bringing together Perenna and Scroll’s complementary expertise gives us a strong platform from which to accelerate that ambition.”
Kashyap added: “Scroll brings established expertise in second charge lending, while our planned entry into first charge buy to let will further broaden the solutions we can offer.
“Mil joins us at an exciting point in that journey.
“His experience and relationships across the mortgage market will be invaluable as we strengthen our engagement with brokers, build awareness of our expanding proposition and pursue the next phase of our growth.”
Consiglio said: “Perenna has a clear ambition to grow its presence in specialist lending, and the combination of Perenna and Scroll gives us a strong proposition to take to the broker market.
“My focus will be on supporting the continued evolution of our proposition, ensuring we deliver excellent outcomes for customers and equip our distribution teams with the solutions, processes and support needed to serve the broker market effectively.
“With first charge buy-to-let to come, we have a real opportunity to broaden our reach and help more customers meet their borrowing needs.”
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