Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Pepper Money Appoints Regional Manager for Scotland Mortgage Launch

Pepper Money has appointed Michael Walsh as regional development manager ahead of its launch of first-charge residential and buy-to-let mortgages in Scotland. Walsh brings over 25 years of experience in the intermediary mortgage market and joins from OSB Group.

Walsh previously worked as a business development manager at OSB Group, supporting brokers across residential, buy-to-let, and bridging for Precise Mortgages and Kent Reliance. His career also includes business development roles at Santander for Intermediaries and BM Solutions, as well as positions with St James’s Place Bank and Intelligent Finance.

Pepper Money has stated that Scotland is a key growth market for the lender. The company’s new proposition will target borrowers such as the self-employed, those with complex incomes, and customers with adverse credit histories.

Currently, Pepper Money operates in the second charge market. The upcoming launch of its first-charge products will expand its residential and buy-to-let offering to Scottish intermediaries.

This development is relevant for UK letting agents and inventory clerks as it may increase mortgage options for landlords and property investors in Scotland, potentially impacting demand for rental properties and related services.