Westpark Congratulates Pepper On Entering the Irish Homeloans Market

Westpark Congratulates Pepper On Entering the Irish Homeloans Market
By Westpark Shannon Limited on  January 21, 2016


Warmest congratulations to Pepper Ireland, a resident of Westpark Business Campus Shannon since 2012, on its announcement this week that it is entering the Irish mortgage market with the launch of a suite of new mortgage products and the establishment of a dedicated new lending division, “Pepper Homeloans”.

From a start base of 110 employees the company now numbers 400, with over 200 of those workers based here at Westpark, Shannon. Pepper’s expectation is to grow its workforce to 450 between its Dublin and Shannon bases by the end of this year and Westpark is delighted to facilitate that growth.

The suite of mortgage products launched by Pepper Ireland includes both residential and Buy to Let (BTL) products tailored to the needs of movers and switchers looking to trade-up, refinance or consolidate debts; self-employed people and professional workers with non-standard types of employment, investors, as well as first time home buyers.

Mortgage products launched by Pepper include:

  • Pepper Essential: A standard variable rate mortgage product available to residential and BTL customers with interest rates starting at 3.55 per cent 
  • Pepper Essential Plus: A residential or BTL mortgage product tailored to self-employed professionals and those with non-standard employment types, with a standard variable rate starting at 3.80 per cent.
  • Pepper Advantage: An innovative new product offering flexibility for residential or BTL borrowers with a legacy credit event that’s currently causing them difficulty in obtaining finance. Standard variable rates start at 4.30 per cent.

 

As of February 01, 2016, Pepper Homeloans products will be available through a network of accredited brokers.

Paul Doddrell, Pepper’s CEO in Ireland, said: “We’re delighted to be launching what we believe is a modern alternative for lending in Ireland, bringing more competition and choice for Irish borrowers wanting to switch their mortgage, refinance or take out their first home loan. Our flexible approach and specialist background means we will provide a more personal approach and can offer alternative options to borrowers, taking a wider view of their financial background and circumstances.”

The Pepper Group is quoted on the Australian Stock Exchange and is a highly experienced lender with a lending portfolio of over AUS $4 billion (€2.5 bn). It provides a range of mortgage and other lending products in countries such as Australia, the United Kingdom, Spain and Asia.

Commenting on Peppers expansion, Brian O’Connell, CEO Westpark Shannon said, “Our heartiest congratulations to Pepper Ireland, its expansion represents yet another success story emanating from Westpark. We have watched this business bloom and grow from our close vantage point. It’s great for the local economy to have such a solid international business based here offering an increasing number of quality jobs in the region, with ambitions for future growth.”