Optimum credit

Optimum Credit hit £1 billion of second charge mortgage lending

Posted on : 10th October 2019
As the UK’s largest second charge mortgage provider, we announced this week that we’ve hit a total of £1 billion of lending since we wrote our first loan in 2014.

As the UK’s largest second charge mortgage provider, we announced this week that we’ve hit a total of £1 billion of lending since we wrote our first loan in 2014.

Commenting on the achievement, our Chief Executive Officer, Sam Marshall, said: “This is a fantastic milestone for us and something of which all of us at Optimum Credit are very proud.  When we set up the business back in 2013, we wanted to disrupt the market and become the biggest second charge mortgage lender in the UK. With our market share last month hitting over 30% for the first time, we’ve absolutely smashed that target. It’s a testament to the great team of people we have at Optimum that we’ve achieved so much in such a short space of time. Our acquisition by Pepper Money will enable us to continue to grow, and we look forward to further successes in the future.”

He added, “Despite some uncertainties in the lending market given the ongoing Brexit discussions, we have found the second charge market to be very buoyant, with a record month of lending for Optimum in September 2019.”

Optimum Credit was established in 2013 by the leadership team and, at the end of 2018, announced their acquisition by Australian-owned finance company, Pepper Money. Optimum recently moved into new, larger office premises to accommodate recent and planned future growth. Optimum offers bespoke secured lending options specialist broker partners as well as lending directly to consumers.

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Optimum Credit - Second Charge Mortgages for homeowners