Pepper Money breaks through £1bn in 2019

Jessica Nangle

February 5, 2020

Pepper Money completed more than £1bn worth of first and second charge mortgages in 2019 across its two brands, Pepper Money and Optimum Credit.

In the first charge market, Pepper Money grew its specialist mortgage business following a number of enhancements to its proposition.

It has also increased its buy-to-let lending, and recently signalled its appetite to further grow its share of this market with a launch into limited company buy-to-let.

Pepper Money purchased Optimum Credit in October 2018.

In 2020, Pepper Money has already overhauled its product range and entered the limited company buy-to-let market.

There are plans to further enhance the proposition throughout the rest of the year.

Laurence Morey (pictured), chief executive officer at Pepper Money, said: “Breaking through £1bn is an important milestone for this business, but it is just one milestone on our journey towards realising the true potential for our lending platforms.

“We have an exciting roadmap with a number of proposition developments and service enhancements that we will be launching this year.

“This will provide lending solutions for a broader range of clients and make it even easier for brokers to work with us.

“We also have plans to more closely align our first and second charge lending products which will provide a significant opportunity for Pepper Money to offer brokers a range of different options for capital raising from one, well-respected lending institution.”

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