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Meet Malcolm and Amanda

Malcolm and Amanda were planning to downsize in the local area in the next few years, but wanted to spend a little longer in their family home before doing so to support their children with the grandkids.

They had plans to downsize once their daughter and her husband have continued to grow their income and deposit to a point where they’re able to purchase.

How we helped them

With lower income as they’ve gotten older, they were able to organise interest only for another 10 years to give them a much needed extended stay in their home.

At Pepper, we offer interest only up to 60% LTV, with earned income up to 75 (max age 80 at the end of term).

With us, affordability is calculated on interest only not capital repayment. With no changes to criteria and no minimum equity.

This helped the couple keep their monthly payments lower than they perhaps had originally thought to unlock money in their monthly budget and make sure they remain in their family home.

If Malcolm and Amanda remind you of your customers, don’t think twice about your first choice for just-off-high-street customers.

BUSINESS DEVELOPMENT

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Key Criteria

Criteria that could benefit your interest only customers

Interest only up to 60% LTV

Earned income up to 75 (max age 80 at the end of term)

No changes to criteria and no minimum equity on interest only

Service

Supported by:

No painstaking paper work

Direct access to underwriters

Less time consuming process

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