Mortgages for people with adverse credit
When they decided to buy a larger home to accommodate their growing family and Alison's…
Pepper Money is a leading second charge mortgage provider for homeowners in England, Wales and Scotland. Our aim is to provide you with a homeowner loan that meets your individual and personal circumstances.
With our homeowner loan calculator, you can find out what your repayments might look like each month, and how much you could end up paying.
We have the answers we often get asked by potential applicants, if you’re in the process of applying for a loan, or you have a loan with us, we have all you need to know.
At Pepper Money, we understand that not everyone has a perfect credit history or receives income, in the same way, each month. We understand that unexpected life events and financial mistakes happen.
Our lending decisions aren’t solely based on a credit score. Our human approach to underwriting allows us to reach a fairer outcome for a broad range of customers.
We have the answers we often get asked by potential applicants, if you’re in the process of applying for a mortgage, or you have a mortgage with us, we have all you need to know.
Life can be complex, and the needs of your customers can be too. As a specialist mortgage lender, we’re here for you, to help them succeed.
We provide mortgages to first-time buyers, home movers, and landlords who are often overlooked by high street lenders.
Our mortgage criteria is designed to help your customers with unique circumstances who would benefit from a more human underwriting approach.
Our mortgage calculators will help to give you an indication of how much we could lend your customers and it’s super quick and really simple to use.
Find all the material you need for your next specialist Residential, Affordable Home Ownership or Buy to Let Mortgage application.
Our dedicated team work with a range of approved specialist partners to offer second charge mortgages to customers.
We take a more human approach to underwriting, to build a truer picture and reach a fairer outcome. We design products that are easy to understand and simple to place. We strive to make each interaction you have with us easier than the one before. And we share valuable insight and expertise that give you an edge and build your reputation.
That’s why you’ll always find us with our doors and our minds wide open. Ready to challenge convention, read between the lines and see the story behind the numbers. We will find a place for your case with a path to success for your client and your business.
A business failure led to a loss of financial control and mounting arrears for couple, Trevor and Irene
Just before applying for a mortgage, they temporarily had a period of reduced income due to the need to care for a sick relative
Selling their large country home helped clear their debts
Although back at work with sufficient income, their credit record showed they had been four months in arrears
Although Trevor and Irene were both back in work, earning good salaries and had paid off their past debts, their credit record still showed they’d been in arrears.
Furthermore, just before applying for a mortgage, they had to temporarily reduce their working hours to care for a sick relative. They arranged with their employer that they’d take a reduced salary for a three-month period.
Trevor and Irene asked mortgage adviser, Garry Nicholson, for help.
“The loss of their business was a bitter blow for Trevor and Irene, as was having to leave their beautiful country home, but selling up enabled them to regain control of their finances and their lives,” explains Garry.
“A setback such as this doesn’t last forever and Trevor and Irene were quickly back in work and earning good money. The mortgage they were applying for would cost them no more than the rent they were paying and their joint incomes comfortably covered their repayments.”
“The challenge was providing Pepper Money with paperwork to show they had repaid all their debts and that their three-month salary reduction was only a temporary situation.
Fortunately, their employer was very helpful, as was Pepper Money’s underwriter who bent over backwards to give this application the best possible chance of success.”
When they decided to buy a larger home to accommodate their growing family and Alison's…
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