Second charge lending surges year-on-year - Mortgage Introducer
Second charge lending totalled a new post-credit crunch record of £138.4 million in February, posting a year-on-year increase of 83%.
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Second charge lending totalled a new post-credit crunch record of £138.4 million in February, posting a year-on-year increase of 83%.
Pepper Money has promoted Tom Whitney to head of sales for second charge mortgages, following the company’s integration with Optimum Credit. Whitney has worked for Optimum Credit since 2016 as a business development manages for the North of England and Scotland. Priot to this he held sales and operations roles at One
Second charge lending dropped by 18% between November and December 2021, according to data collected by Loans Warehouse.
Pepper Money plans to rebrand Optimum Credit after being granted regulatory approval to complete its integration with the second charge lender. The mortgage lender bought Cardiff-based Optimum Credit in October 2018 from Patron Capital for an undisclosed sum. The deal included a UK second charge loan book of more
Optimum Credit has added to its sales team with the recruitment of Matthew Batte as business development manager for the south.