The name change is part of a global rebranding exercise for the Australian-owned company, which will see all consumer finance products, including mortgages, marketed under the Pepper Money brand.
Pepper will also launch an enhanced broker portal. The company has not specified a launch date for the new portal but said it will provide brokers with full details in the near future.
Colin Snowdon, managing director of Pepper Homeloans, said: “In the UK we will continue to distribute our products exclusively via intermediaries and our new mortgage portal, also to be launched shortly, will make it easy for brokers to submit and track their clients’ mortgage applications online.”
Pepper offers a range of residential and buy-to-let mortgages for borrowers who struggle to get mortgages from mainstream lenders.
Director of sales Rob Barnard said: “We’ve taken the opportunity over the summer months to enhance and evolve the way in which we present our products to brokers, our submission and service procedures, together with our branding and marketing activities.
“However, that some things won’t change, such as the way in which our underwriters individually assess every application rather than relying on remote credit scoring systems.”