Aussie Home Loans has announced the addition of specialist mortgage lender, Pepper Australia Pty Limited (Pepper) to its panel of lenders. The addition of Pepper is in response to the growing demand for specialist lending products.
Aussie’s executive director, James Symond, says he’s enthusiastic about Pepper’s inclusion on Aussie’s panel.
“Pepper’s specialist lending expertise increases the borrowing options for our customers, many of whom may be self-employed or contractors and don’t meet the current lending requirement of some of our lenders.”
Pepper will be offering a ‘bespoke’ range of products for Aussie targeted at customers that don’t fit mainstream lending criteria, with dedicated state based business development managers and direct access to the Pepper credit team for a more streamlined approval process for borrowers.
“This is an incredibly significant milestone for the Pepper business as it exposes Aussie's market-leading brand and broker distribution network to our lending products for the very first time,” says Pepper CEO Patrick Tuttle.
“With the increasing lending volumes that we have been consistently achieving over the past few months, this announcement will bring even further momentum to new lending as we head into the second half of 2013.”
The Aussie partnership forms part of Pepper’s business strategy to continue to grow its home loan base in the Australian domestic market and will provide a significant base to open up the specialist lending category further.
It also offers Aussie another niche lending product to help more Australians purchase their own homes sooner.