Pepper Money has rolled out its shared ownership offering to the whole market following a successful pilot.

The specialist lender launched shared ownership as a pilot in September to refine its processes and ensure seamless service delivery when the proposition is released to the wider broker community.

The new range is available on their Pepper 24 and 36 product tier, up to 75% LTV to help customers with unsecured missed payments, CCJs and defaults registered as recently as 24 months ago.

The launch into shared ownership mortgages is part of Pepper Money’s growing Affordable Home Ownership proposition to help more hopeful homeowners purchase their own property and follows the launch into Help to Buy last month.

Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, our primary objective is to promote greater financial inclusion to a diverse range of customers. In line with this, we have been working hard on developing a dedicated proposition to provide competitive specialist lending to customers looking to access the property market through Affordable Home Ownership schemes.

“Last month, as part of this initiative, we launched into Help to Buy, and I am now very pleased to announce our launch of our shared ownership proposition to the whole of market, following a successful pilot with TMP The Mortgage People.

“We have used the pilot to refine our processes and ensure we can deliver this unique type of lending at the same time as maintaining the high service levels expected of Pepper Money. As with all of our mortgages, our shared ownership proposition will be supported by expert underwriters who take an individual approach to assessing every application on its own circumstances and merits.”