Pepper cleared to integrate Optimum Credit

Published on

Pepper Money has been given regulatory approval to complete its integration with Optimum Credit.

Under the integration, Optimum Credit will be rebranded as Pepper Money, meaning that the specialist lender will offer a full range of first and second charge mortgages.

Following Pepper Money’s purchase of Optimum Credit in October 2018, it  has continued to operate the leading second charge lender under its original branding.

Optimum Credit will be rebranded as Pepper Money in approximately three weeks’ time.

Laurence Morey (pictured), CEO at Pepper Money, said: “Our goal at Pepper Money has always been simple – to become the number one specialist lender by delivering a proposition that supports greater financial inclusion. We’ve always understood that being the top specialist lender means offering a broad proposition and so, in 2018, we purchased the leading second charge lender in the market.

“Optimum Credit has such a strong reputation, it was very important that we let it continue to do what it has been doing so well for a number of years and so many of our customers and brokers would have noticed little change. But in the background, we have been working on getting everything right to bring the two businesses together under the Pepper Money brand.

“Today is an important step on our new journey. The closer collaboration will open up new opportunities for our business and our intermediaries, laying the foundation for us to further build on our proposition in the future.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...