In The Media

Australian specialist mortgage lender, Pepper Australia Pty Limited today announced that it has successfully concluded its acquisition of a $5.0 billion residential mortgage portfolio originated by GE Capital in Australia and New Zealand. The acquisition was initially announced on 25 May 2011.

Australia's largest non-bank lender, Pepper Homeloans, has ruled out speculation it is eyeing the book of RHG but says it is open to acquisitions.

This article by Pepper Chief Operating Officer David Holmes explores the opportunities that Alternative Income Verification loans have presented for the growing self-employed and SME markets.

Ratings agency Standard & Poor’s has boosted Pepper’s overall ranking in recognition of the company’s strong performance in the sub-prime residential mortgage space.

In a bid to boost business, Pepper has launched a new promotion that will encourage brokers to give the lender "a crack".

As an incentive to 'give Pepper a crack', for a limited time, Pepper will beat the variable interest rate offered by a specialist or non-conforming lender on any unconditionally approved home loan.

To qualify for the offer, the unconditional approval needs to be less than 30 days old and for a similar home loan product to those offered by Pepper.

Pepper Home Loans has said its new promotion to beat competitors' rates will not add undue time in processing applications and would leave clients better off.
 
The lender's "Give Pepper a Crack" campaign has encouraged brokers to shop a deal to Pepper once it has been unconditionally approved by another lender, and has vowed to beat competitor's rates. Pepper director of sales and distribution Mario Rehayem told Australian BrokerNews sending the deal to Pepper would not significantly prolong the time clients wait for approval.