Pepper Money

Pepper Money are a multi-award-winning specialist lender offering Residential and Buy to Let 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.

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 for service and support

• Manual underwriting on all cases
• Dedicated underwriting contact from application to offer
• No credit scoring or auto-cascading – the product you see is what you get
• Transparent range based on registration date of latest CCJ, default or secured missed payment
• Unsecured credit never affects product tier
• No value limit on CCJs and defaults; no need for them to be satisfied
• Capital raising permissible, without LTV restriction, e.g. for business use or debt consolidation
• No debt to income ratio

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 Buy to Let  

• They have no background portfolio stressing
• 125% of pay rate for Limited Company BTL irrespective of applicant tax band
• No maximum cumulative LTV % gearing limit on the background portfolio
• Market rental figures used as advised by the valuer rather than rent received