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Meet Chloe and Sarah

Chloe, a self-employed professional, has established a thriving cyber security consultancy.

Sarah contributes to their household through her receipt of Disability Living Allowance and Universal Credit, which offer essential financial support. Their unique financial landscape presents some challenges when navigating the complexities of the housing market.

How we can help

Chloe and Sarah needed a lender who could see the full story and take more of their income into consideration. In the last year, Chloe’s company experienced a significant increase in turnover.

Her bank told her that she’d need to provide three years’ accounts, and they would average this income for affordability, which was not quite enough for the area that they wanted to live. At Pepper, we could use the most recent year’s financial accounts to accurately reflect this growth in her affordability assessment.

What’s more, Chloe’s affordability was boosted by additional income, like her car allowance, pension contributions and use of her home office. As well as this, 100% of the company is owned by her so we can take 100% of the net profit into account.
Plus, additional income from Universal credit and Disability allowances was accepted for Sarah to help increase their borrowing potential further.

Have self-employed customers in mind? Don’t think twice about your first choice for just-off-high-street customers.

BUSINESS DEVELOPMENT

Find your nearest business development manager (BDM)

There’s a range of support available to our intermediaries, including our experienced team of BDMs, and direct access to a Case Owner that helps make lending decisions.

Key Criteria

Criteria that could benefit your self-employed customers

One year’s self-employed trading or most recent year’s accounts accepted

We could boost your customers’ borrowing potential when they own 100% of the company, including car allowance, pension contributions and private health insurance

Up to 100% net profit accepted

Service

Supported by:

No painstaking paper work

Direct access to underwriters

Less time consuming process

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Case study summary

Chloe is self-employed and Sarah contributes to their household through her receipt of Disability Living Allowance and Universal Credit, which offered essential financial support.

Chloe is self-employed and Sarah contributes to their household through her receipt of Disability Living Allowance and Universal Credit, which offered essential financial support.
Chloe and Sarah needed a lender who can see the full story and take more of their income into consideration. In the last year, Chloe’s company has experienced a significant increase in turnover. They both earn complex income so needed a lender who could accept this.
Pepper calculated affordability using Chloe’s latest year’s accounts, and added additional income too. Chloe’s benefit income was also accepted to further increase their maximum borrowing enabling them to purchase their home on our cheapest tier.