Residential

Residential products designed for your clients' situations

If your client has a complex income, a young credit history, accidentally missed a payment, experienced previous financial difficulties or are recently self-employed, we may be able to help. Our products are designed for your clients that fall outside the criteria of major lenders, with competitive rates starting from 2.90%.

 


Download our Residential documentation here: 

CCJs or defaults more than 6 months old? 

We believe a less-than-perfect credit history needn't be the end of the story for clients looking for a mortgage. That's why our lending decisions are based on individual underwriting.

If your client has a CCJ or default from more than 6 months ago, is or has been in a Debt Management Plan, or is self-employed with just one year's trading accounts - give us a call.

  • Pepper6For clients who haven't had a CCJ or default in the last 6 months.

     

      2 Year Fixed 5 Year Fixed 

    Reversion Rates

    (LMR +)

    LTV Initial Rate Comp Fee  £995 Initial Rate Comp Fee £995
    (Free val)

    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)  

    Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)

    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)

    70% 3.97% 4.28% 4.54% 4.47% 4.73% 4.98% 4.35%
    75% 4.06% 4.43% 4.84% 4.68% 4.93% 5.13% 4.60%
    80% 4.47% 4.62% 4.99%   4.85%
     ERC 3%, 2% 4%, 4%, 3%, 3%, 2%  
      Application fee = £135  
    CCJs/Defaults 0 in 6 months
    (max 2 in months 7 to 12)
    Mortgage/Secured Arrears

    0 in 12 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 £150 each where these defaults relate to utilities, communications or mail order providers

  • Pepper12For clients who haven't had a CCJ or default in the last 12 months.

     

      2 Year Fixed
    5 Year Fixed

    Reversion Rates

    (LMR +)

    LTV Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    70% 3.63% 3.83% 4.18% 4.17% 4.42% 4.62% 4.35%
    75% 3.73% 3.98% 4.33% 4.47% 4.72% 4.97% 4.60%
    80% 3.99% 4.29% 4.54% 4.63% 4.88% 5.08% 4.85%
    85% 4.64% 4.84% 5.14% 4.99% 5.19% 5.43% 4.85%
     ERC 3%, 2% 4%, 4%, 3%, 3%, 2%  
      Application fee = £135  
    CCJs/Defaults

    0 in 12 months

    Mortgage/Secured Arrears 0 in 12 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 defaults (per application) up to and including £150 each where these defaults relate to utilities, communications or mail order providers

  • Pepper18For clients who haven't had a CCJ or default in the last 18 months.

     

      2 Year Fixed
    5 Year Fixed

    Reversion Rates

    (LMR +)

    LTV Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val) 
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    70% 3.58% 3.78% 4.13% 4.13% 4.38% 4.56% 4.05%
    75% 3.68% 3.93% 4.29% 4.33% 4.58% 4.90% 4.20%
    80% 3.96% 4.26% 4.50% 4.58% 4.83% 5.03% 4.45%
    85% 4.53% 4.78% 5.09% 4.98% 5.09% 5.38% 4.70%
     ERC 3%, 2% 4%, 4%, 3%, 3%, 2%  
      Application fee = £135  
    CCJs/Defaults

    0 in 18 months

    Mortgage/Secured Arrears 0 in 18 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 £150 each where these defaults relate to utilities, communications or mail order providers

  • Pepper24For clients who haven't had a CCJ or default in the last 24 months.

     

      2 Year Fixed 5 Year Fixed

    Reversion Rates

    (LMR +)

    LTV Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)

    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)

    Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    70% 3.53% 3.73% 4.05% 3.77% 4.02% 4.17% 3.75%
    75% 3.63% 3.83% 4.15% 3.84% 4.09% 4.37% 3.90%
    80% 3.88% 4.08% 4.40% 4.02% 4.27% 4.48% 4.15%
    85% 4.18% 4.38% 4.69% 4.38% 4.63% 4.74% 4.40%
     ERC  3%, 2% 4%, 4%, 3%, 3%, 2%  
      Application fee = £135  
    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 £150 each where these defaults relate to utilities, communications or mail order providers

  • Pepper36For clients who haven't had a CCJ or default in the last 36 months.

     

      2 Year Fixed
    5 Year Fixed

    Reversion Rates

    (LMR +)

    LTV Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)

    Remortgage only
    Inital Rate
    Comp Fee £0
    (Free val)

    Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Inital Rate
    Comp Fee £0
    (Free val)
    70%   3.27% 3.42% 3.88% 3.75%
    75% 2.97% 3.12% 3.43% 3.35% 3.50% 3.98% 3.90%
    80% 3.07% 3.22% 3.63% 3.53% 3.68% 4.18% 4.15%
    85% 3.48% 3.63% 3.93% 3.80% 3.95% 4.33% 4.40%
     ERC  3%, 2% 4%, 4%, 3%, 3%, 2%  
      Application fee = £135  
    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

  • Pepper48For clients who haven't had a CCJ or default in the last 48 months.

     

      2 Year Fixed

    5 Year Fixed

    Reversion Rate 

    (LMR +)
    LTV Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    Initial Rate Comp Fee £995 Initial Rate Comp Fee £995
    (Free val)
    Remortgage only
    Initial Rate
    Comp Fee £0
    (Free val)
    70%   3.23% 3.38% 3.88% 3.75%
    75% 2.90% 3.05% 3.43% 3.30% 3.45% 3.98% 3.90%
    80% 3.02% 3.17% 3.63% 3.48% 3.63% 4.18% 4.15%
    85% 3.38% 3.53% 3.93% 3.78% 3.93% 4.33% 4.40%
     ERC  3%, 2% 4%, 4%, 3%, 3%, 2%    
      Application fee = £135  
    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

  • Pepper DMPFor clients who are in a Debt Management Plan (DMP) or have satisfied one in the last 12 months.

     


     
    2 Year Fixed
    5 Year Fixed
    Reversion Rates Credit Criteria
      LTV Initial Rate Comp Fee £1295 Initial Rate Comp Fee £1295 LMR + CCJs/Defaults Mortgage/Secured Arrears Unsecured Arrears
    Pepper24 DMP 75%

    3.63%

    3.95% 3.90% 0 in 24 months 0 in 24 months
    (No arrears balance in
    last 6 months)

    Fixed term

    None in the last 6 months

     

     

    Revolving credit

    Missed payments considered

    80% 4.08% 4.35% 4.15%
    85% 4.38% 4.68% 4.40%
    Pepper18 DMP 75% 3.89% 4.48% 4.20% 0 in 18 months 0 in 18 months
    (No arrears balance in
    last 6 months)
    80% 4.18% 4.78% 4.45%
    85% 4.58% 4.98% 4.70%
    Pepper12 DMP 75% 4.08% 4.68% 4.6% 0 in 12 months 0 in 12 months
    (No arrears balance in
    last 6 months)
    80% 4.58% 5.08% 4.85%
      ERC 3%, 2% 4%, 4%, 3%, 3%, 2%  
    Application fee = £135

LMR = 1.50%, set 21 January 2020 | Application fee across all products just £135

Please note: One free standard valuation for properties valued up to £499,999. 

We offer free standard legals across our remortgage range using our nominated solicitors. For clients wishing to select a firm from our wider panel at their cost, we apply a 0.01% reduction to the initial rate. For more information, please visit our Solicitor Panel.

Got a question

To discuss a case, or find out more about our products, call our experienced team of Telephone BDMs on 03333 701 101.

Ready to submit? Log into the application portal to get started, or register if it's your first case with Pepper Money.

Our Telephone BDM Team