Pepper Money has strengthened its leadership team with the appointment of Ryan McGrath as second charge sales director for the specialist mortgage lender.
With over 30 years of experience in financial services, including 23 years dedicated to the second charge intermediary market, McGrath brings substantial expertise to the role. His extensive career has seen him in various senior positions such as commercial banking officer at Lloyds Banking Group, chief executive at The Loans Engine, and most recently programme manager at Enra Specialist Finance.
In his new role, McGrath will concentrate on driving growth across Pepper Money and its broker partners, while upholding the lender’s reputation for market-leading service levels.
Richard Spinks, chief commercial officer at Pepper Money, said: “We’re delighted to welcome Ryan to the Pepper Money team to lead our continued growth in the second charge mortgage market. Ryan has a huge amount of experience in this sector, and his expertise will further enhance the proposition and experience we are able to offer to our broker partners.”
McGrath also shared his excitement about the new opportunity, saying: “The opportunity to join the leading lender in the second charge mortgage market was too exciting to pass up. I’m looking forward to working with the team to continue growing our lending and exceeding our brokers’ expectations when it comes to service and proposition.”
He further explained the significance of second charge mortgages in the current market environment, adding: “A second charge mortgage is often the most suitable solution for customers with a capital raising requirement – and even more so in an environment where rates have risen quickly and refinancing an entire mortgage balance onto a higher rate simply doesn’t make sense. At Pepper Money, we will be working alongside our broker partners to ensure their customers benefit from our fast and practical way of financing to achieve the goals they want.”
