You are here: Home - News -

Virgin Money and Atom Bank execs join Perenna ahead of 30-year mortgage launch

by:
  • 09/03/2021
  • 0
Virgin Money and Atom Bank execs join Perenna ahead of 30-year mortgage launch
Perenna has appointed Liz Moore as head of underwriting and Simon Thompson as head of operations in an expansion of its operational team.

 

Both have extensive experience in their respective roles, with Moore working for Atom Bank for six years in its underwriting department. Her most recent role was head of underwriting, a position she held for three years.  

Thompson joins from Virgin Money, where he worked for nine years most recently as head of mortgage originations. He also previously worked for Northern Rock, Bank of Scotland and Barclays in commercial and corporate banking roles. 

Colin Bell (pictured), COO and co-founder of Perenna, said: “We approached Liz and Simon based on our vision to create a customer-centric and technology-driven approach to lending, as it matched their skills and experience.  

“Once they heard about our strategy towards lending and our bond backed long-term fixed rate mortgage concept they quickly decided they wanted to be part of building Perenna and bringing it to life at the creative stages.” 

Moore and Thompson began working for Perenna on 1 March and will start to build their teams in preparation for the lender’s planned launch of 30-year fixed rate mortgages this summer. It recently completed a £7m funding round to give it the capital to begin developing and providing these products.

The lender is also undergoing the licence process of becoming a pure covered bond bank, with aims to be the first of its kind in the UK.

Moore said: “I’m thrilled to be part of a team so committed to delivering true transformation to the UK mortgage market; ripping up the rule book, fully leveraging data and technology to create lending products that truly work for customers not just now, or for the next couple of years but through their life of homeownership, and all the events that come with it.” 

Thompson added: “After speaking to Colin and hearing about Perenna’s ambitions to bring such a compelling customer proposition to the mortgage market, it was an easy decision for me to make the move.  

“The ambition of the team to combine a technology-led customer experience, together with an innovative funding model is unique in the UK and I firmly believe Perenna will be well placed to disrupt the market, especially for those customer groups who are currently underserved and will benefit from this refreshing approach.” 

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
MT Finance founders complete management buyout

MT Finance (MTF) joint founders Joshua Elash and Tomer Aboody have completed a management buyout with £8m of funding to...

Close