About us

Creating a nation of happy homeowners

Our Mission

Perenna was established to create a nation of happy homeowners. We believe that everyone that can afford a home, should be able to own one.

And we think people are happiest when they aren’t worrying about money. That means less focus on rising interest rates and cost of living and more time on living their lives.

To achieve this, we knew things needed to change. That’s why we’ve created a new kind of mortgage bank. A bank that changes how mortgages are funded (we use covered bonds instead of savings deposits). This allows us to offer flexible long-term fixed rate mortgages that protect our customers from rising interest rates.

Our customers have certainty over their monthly payments for the whole mortgage term. This allows them to better plan for the future, and it allows us to help more people onto the property ladder.

What’s more, we don’t apply age limits to our products. That means helping more people to stay in their home throughout retirement.

Our goals

Housing crisis

Our mission is to contribute to solving the housing crisis. Our solution aims to help more people to buy a home that they can afford.

Growth crisis

Channel billions of pounds of pension fund and insurance company money into the economy through mortgages.

Climate crisis

Millions of homes need to be upgraded for the UK to reach net zero. We can help get us there.

Working at Perenna

Working at Perenna is rewarding, challenging and impactful. The opportunity to build a new type of bank is a rare one, and the work you’ll do here will make a real difference to real people here in the UK who want to own a home.

​We’re a small team, growing fast, so you’ll get to know your colleagues from all areas of the bank really well, and you’ll meet plenty of new ones as we get bigger.

We’re a hybrid company with offices in London and Newcastle. Most of us balance our time by working from one of our office hubs regularly, and working from home when we need to. We have regular in-person meetings and collaboration events, as well as great tools and resources for when we’re working remotely.

Our journey so far


Raised over £42 million in latest round of investment.

Received full banking licence from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).


Authorised as a bank with Restrictions by the PRA and the FCA.

Raised a £25 million Series A from Silverstripe IAG.

Inflation resulted in increasing interest rates and uncertain times ahead for mortgage borrowers.


House prices reach record levels, and first-time buyers are locked out of the market, proving the need for a bank like Perenna. We’re working hard to build a unique type of bank and the team is growing.


Invited to submit a bank licence application.

Raised a £7 million Seed Round to support the bank licence application.


Initiated the journey towards becoming a licensed bank by submitting the core regulatory documentation.


Arjan, Hamish and Colin incorporated Perenna to start a Danish-style mortgage bank using covered bonds.