Optimum Credit revamps second charge mortgage range


October 8, 2020


Marcus Taylor

Second charge mortgage lender, Optimum Credit has introduced improved pricing and new criteria as part of a revamped product range

The lender, which offers individual pricing based on the unique circumstances of each customer, recently made reductions across its entire pricing model and re-introduced options for variable rate, discounted rate and interest only products.

Optimum Credit has also relaunched its Near Prime range, available to customers whose credit profile falls just outside of its prime rates, and the lender has increased its maximum loan size to £1million.

In addition, Optimum Credit is now able to accept up to 50% of variable income including bonus, overtime and commission, and has lifted restrictions on previous defaults, CCJs and payday loans – returning this criteria to its pre-Covid approach.

Simon Mules, Commercial Director at Optimum Credit, says:

“The last six months have been challenging for everyone and I would like to thank all of our intermediaries for their continued support. We hope that this launch is the start of a new chapter – it is certainly a statement of our intent to grow our lending volumes and continue to take a leading role in the second charge mortgage market.

“In order to do this, we know that we need to continue to build on our excellent reputation for responsive service and professional standards as we work hard to make second charge lending a more flexible and accessible form of capital raising for even more clients.”


For further information, journalists can contact:

PR Consultant

Alex Hammond, Also Communications

E: alex@alsocomms.com

T: 07855 303448

This press release is intended for intermediaries only.


About Optimum Credit

Optimum Credit is a leading provider of second charge mortgages for homeowners in England, Wales and Scotland.

Based in Cardiff and Uxbridge, Optimum Credit offers a range of variable, fixed and discounted second charge mortgages from £5,000 to £1m, and all rates are based on the individual and personal circumstances of the customer.

In October 2018, Optimum Credit was purchased by Pepper Money as part of its ongoing UK growth strategy.

Further information can be found at www.optimumcredit.co.uk

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