Overview
Post Code Restrictions: 
Please note we don't lend on properties in Scotland & Northern Ireland.
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Pepper Money are a multi-award-winning specialist lender offering mortgages exclusively through intermediaries.
Pepper Money believe in challenging the accepted. They take a more human approach to underwriting, to build a truer picture and reach a fairer outcome for your customers.
Their ever improving range of tools and resources available to our broker partners such as affordability calculators provide a guide of the maximum amount your customer may be able to borrow. Plus, you can identify the right product and documents required for your customer in seconds with their Product Finder and Document Finder.
They pride themselves on their ability to look beyond the numbers on a credit score and their specialist team of skilled, mandated underwriters review each case on its own merits.
With broad criteria, competitive pricing and a positive lending attitude, they help you to help more of your customers. From first time buyers and the recently self-employed, to those with adverse credit or complex incomes.
Why choose Pepper Money?
Here’s why your specialist mortgage cases could be Better with Pepper:
Better Service & Support
- Dedicated Underwriting Contact from Application to Offer.
- Dedicated Sales Support from Regional Development Manager Team and National Accounts Team.
- Easy to Use, Transparent, Non Credit Scored Based system giving you much needed security on product and decision.
Better When the High St says No
- Clear product range based on latest registration date of CCJ, default or missed mortgage payment - CCJs/Defaults can be registered as recently as 4 months ago at application stage (6months on completion)
- No value limits on CCJ or defaults; no need for them to be satisfied up to 90% LTV
- Unsecured credit never affects product tier
- No debt to income ratios
- Capital Raising permitted, without LTV restriction e.g for business use or debt consolidation
- One Years self employed accepted upto 90% LTV
- Affordability for self employed based on latest year
- Salary & Net Profit can be used for affordability if client owns >50% of their business
- “Add Backs” can be used for LTD Co Directors including pension, car allowance & home office costs.
- Working Visas accepted to 75% LTV
- Interest Only Accepted upto 60% with no additional rules. Sale of property accepted as a repayment vehicle with no specified minimum equity requirement.
- Pepper Flex – looking to write more business
Better for Residential
- One year’s self-employed trading accepted
- Latest year used for affordability when trading for two years or more
- Day rate contractors must be in a contract and able to demonstrate a minimum 12 months’ history (daily rate x 5 x 46)
- Interest Only up to 60% LTV with no amendments to criteria
- Sale of main residence accepted as repayment vehicle with no pre-defined minimum equity
- They use ‘add backs’ for Limited Co Directors, including pension, car allowance and home office costs, to boost affordability
Better for Shared Ownership Mortgage Products
- Max LTV of 75% available
- Suitable for your customers who may miss credit scoring thresholds.
- One year’s self-employed trading accepted.
- 50% of overtime, bonuses and commission accepted to boost affordability.
- Unsecured credit never affects product tier.
- No value limit on CCJs and defaults; no need for them to be satisfied.
Important Resources
You’re better with Pepper
You can discuss client circumstances with their experienced BDM team before submitting a DIP.
Find your BDM or call on 03333 701 101