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.
Staff Communication Event
Please be advised that the Pepper Money office will be closing at 10:45am Wednesday 7th September, as we are holding a staff communication event. Our offices will re-open at 12:15am. Please note that phonelines will be closed during this time.
Product Withdrawal Notice
We are making changes across our entire product range. These changes will be implemented overnight on Wednesday 7th September.
If you have any customers wishing to take advantage of our current range then please ensure you have completed a decision in principle and progressed it to the “DIP Illustration Produced” stage with your chosen product selected, by 5pm on Wednesday 7th September.
All Full Mortgage Applications for our current product range must be fully submitted, with upfront fees paid, by 5pm on Monday 12th September.
Please find below a notification of repricing of all fixed rate products in our ranges.
Please note that the following information is under embargo until Thursday, 8th September. Timelines are as follows:
- DIPs in by 5pm Wednesday 7th Sept
- Technical release Wednesday 7th Sept
- New range launches to market 9am Thursday 8th Sept
First Mortgage Consents – An Update
Further to our Broker Bulletin on 5th July, we have now been advised by Land Registry that they will now accept E-signed First Mortgage Consents. This applies across all lenders and is applicable with immediate effect. We have asked our team to review any cases in the office where a new consent was requested and these will be updated accordingly.
We would like to remind you that the following points still remain and should be checked prior to sending us a First Mortgage Consent.
- We must have the Name and Job Title of the person who has signed the Consent on the document.
- Consent will not be acceptable where the individual who has signed the Consent has PP’d for the signatory. This has recently been the case with some Santander Consents.
- If a loan amount is mentioned within the document, this needs to be accurate and based on the total gross loan. If you change the loan amount, a new Consent is needed.
- Where there is more than one Title number, please ensure both are showing on the Consent.
- Conditional consents cannot be accepted by Pepper Money.
- Consents should be made in favour of UK Mortgage Lending Limited.
Any consents received which do not meet the required standard will only result in delays in us being able to provide the customer with their offer or payout the loan.