The partnership was first announced last year, and the expanded agreement will see Perenna’s £200m warehouse renewed until July 2026.
The firms said the extended partnership was an endorsement of Perenna’s mortgage origination and will be used to support the demand for its proposition, bring new products to market and support its ability to fund innovation through third parties, such as its recent partnership with Gen H.
Colin Bell, co-founder and chief operating officer of 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.”
He added: “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.”
The changing role of the Bank of Mum and Dad
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