Here is the latest update from Pepper Money. You can access Pepper Money products through our direct to lender mortgage club and get the benefits of payment on completion. You can also use our Fees Free Mortgage Packager.
Help more Hopeful Homeowner fulfil their mortgage ambitions.
The latest Pepper Money Specialist Lending Study has revealed that 7.34m people say they earn income from more than one job due to the cost-of-living crisis. This figure is up from 5.77m (11%) in the last study and based on the ONS projection for the UK adult population of 52.4 million.
It also highlighted that nearly two-thirds (64%) of potential First Time Buyers are unaware of the higher LTV options available to them. Furthermore, from 1st April next year, the rates will go back to their previous levels before the change in 2022.
These are a few of reasons why we are passionate about educating and helping more customers fulfil their mortgage ambitions. Therefore, it is vital that lenders and brokers work collaboratively to engage and educate more customers as they may be closer to becoming homeowner than they may think.
Here are some of the ways we help more Hopeful Homeowner fulfil their mortgage ambitions:
Small deposit – With the help of our Affordable Homeownership range, your customers can get a mortgage with just a 5% deposit.
No credit score – Suitable for your customers who may miss credit scoring thresholds.
Boost Affordability – We accept 100% of second income, monthly commission and car allowance to boost affordability.
Helping the Self-Employed – One year’s self-employed trading and latest year accepted.
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.