Pepper Money has launched a range of second charge mortgages following the completion of its integration with Optimum Credit.
Under the integration, the Optimum Credit brand has been retired but its operations will continue under the Pepper Money brand.
This means Pepper Money will now offer second charge mortgages alongside its existing range.
Pepper Money bought second charge lender in Optimum Credit in 2018, which included a second charge loan book of more than £450m at the time.
Laurence Morey (pictured), chief executive at Pepper Money, said: “I am thrilled to announce that today, Pepper Money will be providing second charge mortgages following the successful merger of Pepper Money and Optimum Credit.
“It’s taken over 18 months to plan and execute but we’re now primed and ready to help even more customers.”
Paul Adams, first charge sales director at Pepper Money, added “This is a significant milestone in the development of the Pepper Money business. There are lots of synergies across the new enlarged business and I know that this move will benefit both brokers and customers.
“We have always wanted to offer our brokers a broader range of mortgage services and working alongside my seconds colleagues we can now do just that.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS