Help to Buy Mortgage Products

Our mortgages

The “Help to Buy: Equity Loan” (England) scheme is now closed to purchases. 

You can continue to purchase a property in Wales through the Help to Buy Wales scheme. The Welsh Government have extended the scheme from 1st April 2023 until 31st March 2025.

From the 1 April all homes sold through the scheme will need to meet a minimum of EPC B and the purchase price cap will rise from £250K to £300K. The new criteria of EPC B and rise in price cap will apply to properties purchased from 1 April onwards, any applications received before 1 April will need to meet the schemes current parameters, including the £250k price cap.

Full details can be found here: Help to Buy – Wales

Help your customers remortgage

Max LTV of 75% available

No decisions based on credit scores

Suitable for your customers who may miss credit scoring thresholds

Helping the self-employed

One year’s self-employed trading accepted

Variable income accepted

50% of overtime, bonuses and commission accepted to boost affordability

No debt-to-income ratio

Unsecured credit never affects product tier

No value limits on CCJs & defaults

No value limit on CCJs and defaults; no need for them to be satisfied

We’ve made finding the right product for your customer even easier. You can can either view the product tables below or use our product finder to help narrow down your search.

Help to Buy Mortgage Products Rates & Criteria

Pepper Help to Buy

Product

Term

LTV

Initial Rate

Comp Fee

Reversion Rates (LMR +)

ERC

  • 5 Years
  • 75%
  • 6.79%
  • £0
  • 3.90%
  • 4%,4%,3%,3%,2%
Credit Criteria
CCJs: 0 registered in 48 months
Default: 0 registered in 48 months
CCJ/Default Value: No limit
Secured Missed Payments: 0 in 48 months (No arrears balance in last 6 months)
Bankruptcy/IVA: Discharged > 6 years ago
Reposessions: None in last 6 years
Debt Management Plan: Considered if satisfied over 12 months ago

Product

Term

LTV

Initial Rate

Comp Fee

Reversion Rates (LMR +)

ERC

  • 5 Years
  • 75%
  • 6.79%
  • £0
  • 3.90%
  • 4%,4%,3%,3%,2%
Credit Criteria
CCJs: 0 registered in 36 months
Default: 0 registered in 36 months
CCJ/Default Value: No limit
Secured Missed Payments: 0 in 36 months (No arrears balance in last 6 months)
Bankruptcy/IVA: Discharged > 6 years ago
Reposessions: None in last 6 years
Debt Management Plan: Considered if satisfied over 12 months ago

Product

Term

LTV

Initial Rate

Comp Fee

Reversion Rates (LMR +)

ERC

  • 5 Years
  • 75%
  • 7.19%
  • £0
  • 3.90%
  • 4%,4%,3%,3%,2%
Credit Criteria
CCJs: 0 registered in 24 months
Default: 0 registered in 24 months
CCJ/Default Value: No limit
Secured Missed Payments: 0 in 24 months (No arrears balance in last 6 months)
Bankruptcy/IVA: Discharged > 6 years ago
Reposessions: None in last 6 years
Debt Management Plan: Considered if satisfied over 12 months ago
30

Applicant One

Please complete all fields Total income must be a minimum of £18,000

Applicant Two

Total combined income between both applicants must be a minimum of £18,000

Applicant One

Applicant Two

Welcome

Our Help to Buy Mortgages calculator will help to give you an indication of how much we could lend your customer(s). Simply tell us their basic information to get a maximum loan amount or if you know their commitments and expenditure include that to get a more comprehensive result. Either way it's quick and simple to use.

For every calculation we’ll show you the maximum amount your customer(s) could borrow on both a 2 and 5 year product. Simply select the tier they fit - for more information about our tiers please view our Help to Buy Product page.

Please note the "Help to Buy: Equity Loan" scheme (England) has now closed. You can continue to purchase a property in Wales through the Help to Buy Wales scheme.

If you have any questions, pick up the phone and give our sales team a call on 03333 701 101, Option 4, Monday to Friday between 9am and 5pm.

We'll use the details you enter on this screen to automatically calculate the loan size required, but please bear in mind this does not take into account any fees. If your customer(s) are looking to raise capital or consolidate debts please increase the purchase price for purchases or the loan required value for a remortgage to reflect this. If they don't currently have a mortgage but already own the property and are looking to refinance, please select Remortgage.

We have a maximum loan size of £600,000 and a maximum LTV of 75%.

Select the tier your client(s) falls under. Our tiers are named after how long since their last CCJ or Default was registered. For example, if the last CCJ or Default was registered over 6 months ago but less than 12 months ago, they'd be suitable for our Pepper 6 tier.

You'll also need to consider mortgage, secured and unsecured arrears when selecting a product tier. So, if you're unsure which product to select, visit our Help to Buy Products page to find out more.

We'll use the rest of the information to pick the appropriate product details for the calculation.

Income

We need the total income from your client(s) to be a minimum of £18,000.

All income must be annualised.

For information on allowable income please review our Policy on Income document. Please note applications where income is made up primarily of benefits and maintenance are unacceptable.

*Please enter values to the nearest pound

** Please only input 50% of income identified as quarterly or annual bonus payment in this field. 100% can be used for monthly bonus payment

***Allowable income includes Child Benefit; Child Tax Credits; Working Tax Credits; Pension Credit; and Pension (War Disablement)

Commitments

For Credit or Store Card and Overdrafts please provide the full outstanding balance. Otherwise, please provide the monthly commitment for each of these categories.

If your client(s) intends to clear these balances before completion you can leave these blank.

*Please enter values to the nearest pound

Expenditure

This is the last screen before we're able to tell you the final result.

Please provide a monthly figure for each of these categories.

*Please enter values to the nearest pound

Pepper 24

For clients who haven't had a CCJ or default in the last 24 months.

CCJs/Defaults

0 in 24 months

Mortgage/Secured Arrears

0 in 24 months (No arrears balance in last 6 months)

Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

We will ignore 2 individual defaults (per application) up to and including £200 each where these defaults relate to utilities, communications or mail order providers

Pepper 36

For clients who haven't had a CCJ or default in the last 36 months.

CCJs/Defaults

0 in 36 months

Mortgage/Secured Arrears

0 in 36 months (No arrears balance in last 6 months)

Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

Pepper 48

For clients who haven't had a CCJ or default in the last 48 months.

CCJs/Defaults

0 in 48 months

Mortgage/Secured Arrears

0 in 48 months (No arrears balance in last 6 months)

Unsecured Arrears

Fixed term - None in the last 6 months

Revolving credit - Missed payments considered

Monthly secured and unsecured commitments

To get a quick assessment of the maximum we could lend, enter an estimate of your client's monthly secured and unsecured commitments. Please include the total monthly figure for; mortgage or secured loans, unsecured loans, credit or store cards, overdrafts, school fees, maintenance payments and student loans.

Please only include commitments that will remain after completion i.e. if consolidating debts don’t include them in this section. Also, please ensure for joint applications that you only include joint commitments once. If they don't have any commitments, you can leave this figure blank.

*Please enter values to the nearest pound

Important notice

These results are indicative and are meant to be used as a guide only. Should you wish to submit a DIP, it'll be subject to our full lending criteria, a credit check and an underwriter review which could result in a different value.

Please note by changing the loan amount figure you may change the loan to value. This may change the interest rate charged. If you're going to change any details we strongly recommend you start a new calculation to ensure it is as accurate as possible.

If you'd like to submit this, or any other case, you'll need to have registered with us. it's a quick and simple process and shouldn't take more than 5 minutes.

If you've already registered, please Login and complete our online application form.

Unfortunately, due to your LTV, we do not have a suitable product for you

Final results

We’re currently reviewing all applications to ensure the income is sustainable in current market conditions. Based on the information provided please find details below on what your client(s) could borrow with us.

Indicative maximum available subject to a DIP
2 Year Fixed: £150,000.00
30 Month Fixed: £175,000.00
5 Year Fixed: £200,000.00
Basic Information
Number of Applicants: Number of Children:
Required loan amount: Repayment Type:
Term: Years Help to Buy Total Loan:
Income Applicant One Income Applicant Two
Primary Annual Income Primary Annual Income
Secondary Annual Income Secondary Annual Income
Annual Overtime Annual Overtime
Annual Bonus or Commission Annual Bonus or Commission
Car Allowance Car Allowance
Maintenance Income (calculated at 50%) Maintenance Income (calculated at 50%)
Rental Income (calculated at 50%) Rental Income (calculated at 50%)
Allowable Income Allowable Income
Total Total
Commitments Applicant One Commitments Applicant Two
Mortgages or secured loans Mortgages or secured loans
Unsecured loans or hire purchase Unsecured loans or hire purchase
Credit or store cards Credit or store cards
Overdraft arrangements Overdraft arrangements
School fees School fees
Maintenance Maintenance
Student loans Student loans
Other Other
Total Total
Expenditure
Housekeeping
Utilities
Telephone
Council tax
Buildings insurance
Ground rent
Leasehold service charges
Essential travel
Clothing
Personal goods
Household goods
Basic recreation
Total

Important notice

Based on the information entered, an underwriter will carry out a full review at Decision in Principle. Please complete the DIP to confirm the maximum loan amount available.

These results are indicative and are meant to be used as a guide only. Should you wish to submit a DIP, it'll be subject to our full lending criteria, a credit check and an underwriter review which could result in a different value.

Please note by changing the loan amount figure you may change the loan to value. This may change the interest rate charged. If you're going to change any details we strongly recommend you start a new calculation to ensure it is as accurate as possible.

Before submitting business to us, you’ll need to register with us. It’s a quick and simple process and shouldn’t take more than 5 minutes.”

If you've already registered, please Login and complete our online application form.

If you have any questions, call our team on 03333 701 101 option 1, Monday to Friday between 9am and 5pm.

Fill in your details below and we will email the results to you

Your results have successfully been emailed. Please check your inbox.

Login/Register to submit a dip

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V3.0.3

Pepper Help to Buy Criteria

Need help with your mortgage case?

To discuss a case, or find out more about our products, call our experienced team. Ready to submit? Log into the application portal to get started, or register if it’s your first case with Pepper Money.