Pepper Money Plans Scottish First-Charge Mortgage Launch in September

Pepper Money, a specialist lender serving borrowers with complex circumstances, plans to extend its first-charge mortgage business into Scotland. Such loans give the lender the primary claim over a property and represent a core segment of residential mortgage finance. The expansion is significant because it will give Scottish brokers another option for clients who may not meet mainstream banks’ standard underwriting criteria.

The lender said it intends to launch first-charge mortgages in Scotland in September 2026, with the offering designed to support intermediaries and address demand from customers with more complicated borrowing needs. Pepper Money has not yet disclosed an exact launch date, mortgage rates, maximum loan sizes or the amount of funding allocated to the expansion. Further product and eligibility details are expected closer to launch.