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Perenna
Mortgage lender with a customer-first mindset
- 21-100 employees
- B2C
- Banking
- Mortgages
- Financial Services
- Paddington, London, UK
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Company mission
To offer flexible long-term fixed rate mortgages that protect our customers from rising interest rates, creating a nation of happy homeowners. Perenna wants to make mortgages more accessible through innovation.
Our take
Perenna was founded to revolutionise the UK mortgage market by offering a flexible, 30-year fixed rate mortgage up to 95% LTV which provides full payment certainty, and protects borrowers against rises in interest rates.
With its new technology platform, Perenna is one of the most advanced providers in the mortgage market, allowing users to track everything in real time on their mobile app. This offers customers a focus on speed, certainty, and efficient mortgage delivery.
Perenna differs from high street bank mortgages because the monthly payment over the whole life of the mortgage is fixed for life mortgage. This means that borrowers don't have to worry about rising interest rates or refinancing dates, allowing you to move home after 5 years without repayment charges.
Its unique funding model sees its mortgages financed through covered bonds, issued on the LSE, which are then bought by investors who receive an interest payment for the loan term.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Opportunity to join a fast-growing ambitious start-up challenging a huge market
- Be in an environment where you are listened to and can have an impact
- Competitive remuneration package
- 10% Pension Contribution
- Private Medical - Bupa
- 30 days of holiday + bank holidays
- Electric Vehicle Leasing via Octopus
Funding (last 2 of 3 rounds)
Sep 2023
$52m
EARLY VC
Aug 2022
$30m
SERIES A
Total funding: $92m
Leadership
Colin Bell
(COO)After extensive experience in the banking sector, Colin co-founded Perenna in 2017, serving as COO to present.