Secure Trust Bank has appointed Pepper UK as a servicer for its new mortgage business.
Secure Trust Bank launched its first mortgage product catering for the self-employed and borrowers with complex incomes two weeks ago, while Pepper announced signing a servicing deal with LendInvest on Monday.
Once the funds have been sent to the customer Pepper will administer and manage the mortgage.
Esther Morley, managing director at Secure Trust Bank Mortgages, said: “As a new player in the market, this is a really exciting time for Secure Trust Bank and we’re delighted to have Pepper on board as a partner.
“The company has an outstanding reputation in the marketplace for servicing both residential and commercial property loans and can easily tailor its services to cater for customers with complex profiles.
“A clear and personal service is something we take very seriously at Secure Trust Bank, so this level of detail will add significant value to our proposition.”
Secure Trust Bank currently distributes through the Mortgage Advice Bureau, though this is expected to widen to other networks and mortgage clubs in the next two quarters.
Gerry McHugh, managing director of residential servicing at Pepper, said: “We have known Esther and the team at Secure Trust Bank for a number of years and they’ve built up a robust proposition to enter this market alongside some of the other challenger banks.
“There are a number of commonalities between both businesses and it was clear that our service matches the bank’s culture and ethos.
“Secure Trust Bank prides itself on speed of response and placing complex cases more easily, so we very much look forward to working together as lending balances start to rise.”