Our mortgages
We help you help your customers to purchase a share of a new build property whilst renting the remaining share from the Housing Association. By offering Affordable Home Ownership mortgages, we aim to clear a path for those who might have blips on their record or a less than perfect credit score. We’re continuing to do what we’ve always done best, just this time our approach to lending has been extended for your customers with deposits from 5%.
Our product range is structured around your customer’s most recent CCJ or Default. Here’s how your next Shared Ownership application could be better with Pepper
Max LTV of 75% available
Suitable for your customers who may miss credit scoring thresholds
One year’s self-employed trading accepted
50% of overtime, bonuses and commission accepted to boost affordability
Unsecured credit never affects product tier
No value limit on CCJs and defaults; no need for them to be satisfied
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 |
| 5 Year Fixed: | £200,000.00 |
| Basic Information | |||
|---|---|---|---|
| Number of Applicants: | Number of Children: | ||
| Property value: | Purchase price of share: | ||
| Required loan amount: | Repayment Type: | ||
| Term: | Years | Monthly Rental to Housing Assoc.: | |
| Product: | |||
| Income Applicant One | |
|---|---|
| Primary Annual Income | |
| Secondary Annual Income | |
| Annual Overtime (calculated at 50%) | |
| Annual Bonus or Commission | |
| Car Allowance | |
| Maintenance Income (calculated at 50%) | |
| Allowable Income | |
| Total | |
| Commitments Applicant One | |
|---|---|
| Mortgages or secured loans | |
| Unsecured loans or hire purchase | |
| Credit or store cards Balance | |
| Overdraft arrangements Balance | |
| School fees | |
| Maintenance | |
| Student loans | |
| Other | |
| Total monthly commitments | |
| Expenditure | |
|---|---|
| Housekeeping | |
| Utilities | |
| Telephone | |
| Council tax | |
| Buildings insurance | |
| Ground rent | |
| Leasehold service charges | |
| Essential travel | |
| Clothing | |
| Personal goods | |
| Household goods | |
| Basic recreation | |
| Total | |
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.
As we manually underwrite all applications and consider each case on it's merits there may be times where we will lend more or less than the figure stated below. To find out exactly what your client(s) could borrow please submit a DIP.
If you see an N/A within the Maximum Loan Size box this is because we don't currently offer a rate for that Product/LTV
If you have any questions, call our sales team on 03333 701 101 option 1, Monday to Friday between 9am and 5.30pm.
Our mortgages
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.
Resources
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.
Follow us
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.
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