Pepper Money has announced plans to enter the Scottish first charge mortgage market in September, extending its specialist lending offering to intermediaries across Scotland.
The lender already operates a second charge mortgage business in Scotland and says the first charge launch builds on that existing presence. The move is intended to give Scottish brokers access to Pepper Money's specialist criteria and regional support for borrowers who fall outside standard high-street lending requirements, including the self-employed, those with complex income structures, and borrowers with adverse credit histories.
"Scotland is an important market for Pepper Money and a natural next step in our growth strategy," said Paul Adams, director of sales at Pepper Money. "We understand the Scottish mortgage market and home-buying process and see a clear opportunity to bring our specialist expertise to more brokers and their customers." This expansion will bring Scottish brokers the full range of the lender's specialist proposition, supported by dedicated regional coverage and its established service standards.
"Our aim is to make it as straightforward as possible for brokers to find the right solutions for their customers, particularly where more complex circumstances require a more considered approach," he said.
"Through this expansion, Pepper Money will continue to champion greater choice in residential and buy-to-let mortgages, supporting borrowers who are self-employed, have complex incomes, or have experienced adverse credit.
"In September, we will launch through a programme of broker engagement and industry activity, focused on building strong relationships with intermediaries. I'd encourage Scottish brokers to register on our portal so they can submit applications when we've launched."