Pepper Money UK announces transition to standalone UK-regulated entity
Pepper Money UK, a leading specialist mortgage lender, today announces its transition to operating as a standalone UK-regulated entity, following the receipt in December 2025 of the Financial Conduct Authority’s (FCA) approval of the change in regulatory control.
The transaction includes a new equity commitment by a fund managed by Bayview alongside private credit funds and accounts managed or advised by KKR.
Laurence Morey, Chief Executive Officer of Pepper Money UK, commented:
“We’re delighted to welcome Bayview as a new shareholder and to continue our longstanding relationship with KKR. The support of experienced institutional investors reflects confidence in our business model, governance framework and long-term strategy.
Guided by our clear and consistent strategy, we will continue to lead the specialist first charge and second mortgage markets with innovation, expertise and an unwavering focus on service.”