Pepper (UK) is formally launching its specialist range of mortgage products today after a pilot with Brightstar Financial, Residential Home Loans and Connect Mortgage Club.

Near prime tracker rates start from 3.35% and residential non-conforming tracker rates from 4.27%.

Meanwhile, near prime buy-to-let tracker rates start from 3.90% and non-conforming buy-to-let tracker rates start from 4.55%.

The lender recently added Platinum Options Limited and 3MC to its panel of intermediary partners.

Pepper Homeloans provides residential and buy-to-let mortgages to UK customers who require a “more personal approach to borrowing”. Each application is evaluated on a case-by-case basis, without relying on automated credit scores.

It has an experienced team of underwriters, who benefit from access to widespread loan performance data, drawn from the large back book of loans that are serviced by the company.

Richard Klemmer (pictured), CEO of Pepper (UK), said the lender would be looking to distribute via packagers, networks and Directly Authorised brokers.

He told BestAdvice that Pepper had ambitious, long-term plans for the UK.

“It’s very important to us that we’re building a business designed to be around in one hundred years,” he said.

“It is designed to be a long-term consumer finance business that provides services to customers who are disenfranchised from traditional banking services.”