Our mortgages

Shared Ownership Mortgage Products

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.

Pepper Money is here to help more people succeed by providing you and your customers with an alternative to High Street lenders whose strict criteria can seem set up to catch some customers out.

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%. We still don’t use credit scoring to make decisions, to help those customers with little to no credit history or those who have small credit blips including missed payments. Instead, by reading between the lines, we value the story behind your customer’s numbers through our more human approach to underwriting, where people make decisions about people.

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

Help your customers with purchasing a share

Max LTV of 75% available

No decisions based on credit scores

Suitable for your customers who may miss credit scoring thresholds

Helping the Self-Employed

One year’s self-employed trading accepted

Variable income accepted

50% of overtime, bonuses and commission accepted to boost affordability

We have no debt-to-income ratio

Unsecured credit never affects product tier

No value limits on CCJs & defaults

No value limit on CCJs and defaults; no need for them to be satisfied

Try our Shared Ownership affordability calculator

Our Shared Ownership calculator has been built with you in mind, it’s simple to complete and will give you an indication of the maximum we could lend your client.

Shared Ownership Mortgage Products Rates & Criteria

Pepper Shared Ownership

Our mortgages

Helping you get mortgage ready

What is Shared Ownership?

What's needed to buy a Shared Ownership property?

How long does it take? How can customers be prepared?

Are people with CCJs, defaults or missed payments eligible?

Need help with your first charge case?

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.

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.

Information

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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