Scroll Finance was founded in 2021 and offers second charge mortgages for buy-to-let (BTL) investors, including two- and five-year loans, home equity lines of credit (HELOC) and multi-property loans.
The business was acquired by Perenna last year and has now been fully integrated. It will continue to operate as a separate brand, focused on second charge lending.
Perenna will build on Scroll Finance’s proposition with the launch of a first charge BTL product later this year.
Alongside the integration, Perenna has appointed Mil Consiglio as head of sales. Consiglio will be responsible for driving awareness of Perenna’s proposition, strengthening relationships with brokers and supporting its future expansion into new areas of the lending market. He brings 16 years’ business development experience from across the industry, including roles at Lloyds Bank and Vida Homeloans. He joins from CHL Mortgages and will report to Ashish Kashyap, who was appointed deputy CEO and chief commercial officer following the Scroll Finance 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 under-served.
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“Bringing together Perenna and Scroll’s complementary expertise gives us a strong platform from which to accelerate that ambition. 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 added: “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.”
