Pepper Money has been granted regulatory approval to complete its integration with Optimum Credit.
This step follows Pepper Money’s purchase of Optimum Credit in October 2018, from which it has continued to operate the second charge lender under its original branding.
Under the integration, however, Optimum Credit will be rebranded as Pepper Money, meaning the specialist lender will offer a full range of first and second charge mortgages.
Optimum Credit is to be rebranded as Pepper Money in approximately three weeks’ time, the lender confirmed.
Pepper Money CEO, Laurence Morey, commented: “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.”
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