Mortgage Criteria

Second Charge Mortgage criteria

Second charge mortgages are a solution for many customers in a variety of situations and circumstances. As a responsible lender Pepper Money will only lend to customers who, as a result of the application process, we believe have the ability and intention to repay the second charge mortgage.

Pepper Money could offer your client a second charge mortgage of any amount from £5,000 to £1,000,000.

We can offer a repayment term of 3 to 30 years subject to your clients individual circumstances and credit checks.

Borrow up to 100% of the property’s value, less the existing mortgage balance subject to a satisfactory valuation. Minimum property values and conditions apply.

We offer competitive fixed, discounted and variable rate products. The actual rate we offer will depend on your clients individual and personal circumstances.

We offer flexible overpayment options, without penalty, which allow you to either reduce the term of your clients second charge mortgage, or reduce their monthly repayments, whichever suits their circumstances, firmly putting them in control.

You can expect a straightforward, customer friendly approach both during your application process and after completion of your clients second charge mortgage.

Borrow up to 100% Loan to value

No ERC products available

Borrow up to £1,000,000

Repayment periods up to 30 years

No valuation products available

Self-employed, employed, contractor income

Min property value £75,000

Competitive rates and flexible overpayment options


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Second Charge Mortgages

Want to register as a Pepper Money Second Charge broker?

If you are a second charge mortgage broker and wish to register your interest in using us, please kindly complete the form below and a member of our team will be in touch.

About you
Name of Firm*
FCA Number*
FCA Status*
If an Appointed Representative: please confirm Network: *
Advisors name*
Advisors Contact number
Advisors Email*
Business Principal Name *
Registered Address *
About your Business
What is your core business? *
How would you describe your culture? *
Please confirm what experience in the second charge market you have and how many applications do you complete per month? *
Do you have a specific team dealing with second charge business? Do they have previous experience in second charges? *
Which second charge lenders do you currently have on panel? *
Have you had a visit from the FCA within the last 3 years? *
Have you been removed from a lenders panel within the last 3 years? If so, please provide reasons and a copy of the removal letter *
About your FCA visit
What was the date of the visit?*
What was the outcome the visit?*
What actions after your visit are pending?*
About your removal from a Lenders Panel
Reason for removal*
Please upload a copy of the removal letter?*
Maximum file size: 300 MB
What % of their business is sourced through introducers? Do you undertake any oversight?*
Scale of Operations*
Confirm your corporate Governance (mechanisms, processes and relations by which firm is controlled and directed)?*
Systems and Controls – is there committee oversight? Is it role based? Or is there 3rd party oversight? *
Complaints oversight*
Policies & procedures – do you have the following? (Tick all that apply)*
Additional Information*

Our BDMs

Lending criteria at a glance


If a case falls outside our standard criteria we may still be able to help.

North & Scotland

Tom Whitney

South & Wales

Matthew Batte

For Intermediary use only

About Pepper Money

Pepper Money is the brand name used globally by all Pepper Group companies to market consumer finance products. In the UK, Pepper Money offers a range of residential, buy to let, and second charge mortgages to borrowers.

Pepper Money is part of the Pepper Group, a diversified, global financial services business, whose senior management team is some of the most experienced in the UK mortgage industry having built a long-lasting reputation for creating innovative, flexible home loan products and services.

Pepper money

UK Mortgage Lending Ltd (UKMLL) t/a Pepper Money is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 710410 as a provider of regulated mortgages. The FCA does not regulate our Buy to Let mortgages. UKMLL is a member of the Finance and Leasing Association and follows its Lending Code as a provider of second charge regulated mortgages. Registered Office: 4 Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ. Registered in England and Wales under Company Number 08698121.


First Charge Service Levels

Intermediary - First Charge

Working on DIP referrals received on:

27th May

Responding to application portal broker messages on:

27th May

Reviewing applications sent to our underwriters on:

27th May

Working on applications received on:

27th May

Currently reviewing valuations received on:

27th May

Answering calls in less than (average speed):

< 1 Minutes
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