Mortgage News
Livemore Capital appoints Pepper to service RIO portfolio
Pepper has been enlisted by later life mortgage lender LiveMore Capital to provide end-to-end servicing for its portfolio of retirement interest-only (RIO) mortgages.
Livemore Capital is the first client of Pepper’s to focus solely on later life lending.
Pepper’s servicing team will act as a white-label servicer for LiveMore Capital.
Gerry McHugh (pictured), CEO of Pepper, said he was excited about the partnership as it represented a “new product discipline” for the specialist lender.
He added: “LiveMore Capital is an innovator in the lending space and aligns with our approach in bringing together traditional values and technical innovation to improve the customer experience.”
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The contract also marks the first new client Pepper has signed on remotely.
“This is particularly pleasing as it’s a clear demonstration of our ability to maintain focus on clients and customers and continue to grow our business by delivering a first-rate proposition, even amid the challenges of Covid-19,” McHugh added.
Leon Diamond, CEO of LiveMore Capital, said: “Customer experience is an important consideration for any lender, and even more so when you are a new lender with an appetite to disrupt the market.
“So, it was important that we chose the right partner to deliver our customer experience, and I have every confidence that our relationship with Pepper will be a long and successful one.”