It plans to grow the Pepper mortgage book and is aiming to launch additional home-loan products in the new year. The lender is a big player in the car finance market and has funding from the State's Strategic Investment Fund. It has acquired a €200m residential loan portfolio from Pepper Money, the Australian-owned lender that has a base in Shannon. After acquiring the mortgage book, Mr Kane wants Finance Ireland to broaden the offering to compete with the main banks. Customers with pending applications with Pepper Money Residential will be contacted directly by Pepper with further information on their applications.

Source: Irish Independent October 19, 2018 01:30 UTC