Pepper Money has appointed Ryan McGrath as its second charge sales director.

McGrath (pictured) has more than 30 years’ experience in financial services, 23 of which have been in the second charge intermediary market. Throughout this period, he has held a number of senior roles, including commercial banking officer at Lloyds Banking Group, chief executive at The Loans Engine and most recently programme manager at Enra Specialist Finance.

As second charge sales director, McGrath will focus on driving growth across Pepper Money and its broker partners, whilst continuing to maintain its service levels.

Richard Spinks, chief commercial officer at Pepper Money, said: “We’re delighted to welcome Ryan to the Pepper Money team to lead our continued growth in the second charge mortgage market. Ryan has a huge amount of experience in this sector, and his expertise will further enhance the proposition and experience we are able to offer to our broker partners.”

McGrath added: “The opportunity to join the leading lender in the second charge mortgage market was too exciting to pass up. I’m looking forward to working with the team to continue growing our lending and exceeding our brokers’ expectations when it comes to service and proposition.

“A second charge mortgage is often the most suitable solution for customers with a capital raising requirement – and even more so in an environment where rates have risen quickly and refinancing an entire mortgage balance onto a higher rate simply doesn’t make sense. At Pepper Money, we will be working alongside our broker partners to ensure their customers benefit from our fast and practical way of financing to achieve the goals they want.”