CCJs & defaults:
IVA & Bankruptcy:
Debt management plans:
Pay day loans:
EU Nationals accepted subject to:
Non EU Nationals accepted subject to:
Minimum earned income:
|Income type||Proportion considered|
Self-employed: sole trader/partnership
SA302s will only be accepted in addition to the full business accounts. SA302s are not acceptable proof of income on their own but will be requested where the accounts have been prepared by an accountant who does not appear on our list of accepted qualifications. We may also request them to confirm dividends which do not appear in the business accounts.
Additional remuneration considered where applicants own 100% of the company:
Where additional remuneration is to be added back, finalised accounts will be required
Self-employed: company director
Number of mortgages with Pepper:
Let to Buy:
Right to Buy:
Evidence of deposit:
Capital raising remortgage:
Cash gifted deposit:
New build definition:
Minimum property value:
Timber framed construction:
Coal mining and other forms of extraction:
Reports may be accepted from members of the following bodies:
– The Institution of Structural Engineers (www.istructe.org.uk)
– The Institution of Civil Engineers (www.ice.org.uk)
The report must be referred to the valuer for comment. If the report is not addressed to the applicant, written confirmation must be obtained from the originator that its contents may be relied upon by the applicant(s).
We will not lend on any property with either ongoing movement or where monitoring is required, where this is identified by either the valuer, or where evident in the structural engineers’ report.
The valuer may request additional reports from specific governing bodies.
We may require specialists’ reports. These most commonly will be:
– Timber and damp, electrical, trees, cavity wall ties
– Mining report (as these are obtained by the solicitors, a special condition is imposed at offer);
– Any such reports should be prepared by a reputable firm and should be forwarded to us for review and referral to the valuer
The valuer may request additional reports from specific governing bodies
Full mortgage application:
Proof of deposit (purchase):
Use of funds (remortgage with a further advance):
Proof of address & identification:
|Table 1||Table 2|
|Valid passport||Valid (old style) full UK driving license|
|Valid photo card driving license (full or provisional)||Recent evidence of benefit entitlement|
|National identity card||Instrument of a court appointment|
|Firearms certificate or shotgun license||Current council tax demand letter or statement|
|Identity card issued by the Electoral Office for Northern Ireland||Non-internet generated bank statements and utility bills|
Proof of income – employed:
Proof of income – self-employed:
Other sources of income:
Confirmation of rental payments:
– Levels of rent received on each property
– Outstanding mortgages
– Current values of each property
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.
Following the announcement of a national lockdown in England from 5th November, there are no changes to valuation services and the ability for our valuers to carry out internal inspections. These will remain subject to a full risk assessment and our valuers will review each instruction based on an individual basis, the customer and the surveyor will make the final call regarding proceeding with the internal inspection.