Perenna Bank has confirmed the renewal and expansion of its warehouse facility with ABN AMRO Bank.

Perenna announced its initial warehouse line of credit with ABN AMRO Bank in April 2024. As part of this expanded agreement with the Dutch bank, Perenna will see its £200m warehouse renewed until July 2026.

Commenting on the new deal, Perenna co-founder and chief operating officer, Colin Bell 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.”