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

In the first charge market, Pepper Money grew its specialist mortgage business following a number of enhancements to its proposition, making it easier for brokers to place their complex, adverse credit and self-employed cases. 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, while Optimum Credit maintained its position as a leader in the second charge market with another strong year of growth.

Pepper Money purchased Optimum Credit in October 2018 as part of its plans to provide brokers with a comprehensive range of first and second charge solutions for their clients and the lender has a number of plans to broaden the appeal of both platforms over the next 12 months. In 2020, Pepper Money has already overhauled its product range and entered the limited company Buy to Let market and there are plans to further enhance the proposition throughout the rest of the year to make it even easier for brokers to do business with the lender.

Laurence Morey, Chief Executive Officer at Pepper Money, says:

“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.”