Launching- Help To Buy Range
By popular demand, we’ve expanded our Affordable Home Ownership proposition with a Help to Buy range. The range is available on new build properties for first-time buyers initially as purchase only.
These new purchase products are available on both our Pepper 48, 36 & 24 ranges, so your customers with financial events registered from 24 months ago are eligible.
As this is an extension of our existing ranges, we’re continuing to do what we’ve always done best and make sensible lending decisions not based on a credit score. Also, we don’t cascade applications once you’ve submitted so you can be certain of the rate and fees they’ll need to pay.
Customers with a minimum 5% deposit can access a maximum 40% Help to Buy Equity Loan in London and maximum 20% Help to Buy Equity Loan in the rest of the England & Wales.
We can help customers with a Help to Buy mortgage who have complex income, such as being self-employed, a day-rate contractor, or earning variable income.
Importantly, we don’t discriminate against customers that have never had any form of credit before and those who have built up unsecured credit balances but are comfortably making their repayments. This is why we believe the launch of our Help to Buy equity loan range will help us achieve our goal of improving financial inclusion by providing more opportunities to customers that we would not have been able to help previously.