UK’s Digital Bank Perenna Partners with London and Country Mortgages to Begin Lending

The team at Perenna says they’re pleased to announce their exclusive partnership with London & Country Mortgages as they begin lending.

Perenna received their full banking license from the Prudential Regulatory Authority (PRA) and UK’s Financial Conduct Authority (FCA) at the start of September and will initially “offer mortgages to selected borrowers looking to remortgage.”

Head of Product, Proposition, & Distribution, John Davison, said:

“We are launching a new kind of mortgage, offering true long-term security and flexibility for homeowners. L&C has substantial experience of working with new lenders and we are excited to be working with them exclusively during this phase. Customers will still get the same great service from L&C as well as dedicated support from the team at Perenna.”

Alan Young, CEO at L&C, said:

“We’re always keen to help bring new lenders and innovative solutions to market and are delighted to be partnering with Perenna, to launch their long-term fixed rate proposition. Borrowers are acutely aware of how volatile the mortgage market can be following the recent hikes in interest rates. Perenna’s offer of long-term security with only a 5-year tie in period brings a brand new approach to the fixed rate options in the market and will only strengthen the range of solutions for our customers.”

As covered, Perenna is pleased to announce they’ve raised over £42m in our latest fundraise, which was reportedly “led by Silverstripe Investment Management, alongside participation from existing investors.”

This successful fundraise is a major milestone for Perenna’s rapidly growing company, and “testament” to the great team they have. The Fintech firm will be using the funds to exclusively launch the Perenna mortgage “to selected borrowers initially, opening up to the wider public later this year. ”

Their product can be as attractive “to first time buyers as it is to those wanting to borrow into retirement.”



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Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Share this graph
Number of Filings131Prior 125 +4.8%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTDYear priorChange
Filings 131 125 +4.8%
Target raise $3.40B $3.54B -3.9%

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Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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