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.
100% Concessionary Purchase launching tomorrow…
We’re delighted to announce that we’ve enhanced our Concessionary Purchase criteria, and will be offering 100% Concessionary Purchase from tomorrow.
To make the necessary changes to our system, our broker portal will be unavailable from 7pm this evening until 11pm, after which time you’ll be able to log back in and make use of this exciting enhancement.
What does this mean for your customers?
- The improvement enables customers to purchase a property below market value. This is available for purchases from family and from landlords.
- Your customers could borrow up to 100% Loan to Purchase Price, with no deposit required, up to a maximum of 75% LTV of full market value.
- They can access a cheaper mortgage rate in comparison to a high LTV rate that might ordinarily be associated with first-time buyers.
Opportunities in estate planning?
Our recent Specialist Lending Study revealed that 32% of respondents identified saving for a deposit as one of the largest barriers to purchasing a property.
Have you had any conversations with customers exploring downsizing?
Opportunities in the BTL market
Over recent years, we’ve seen a decline in landlord profits and an increase in landlords selling their properties.
Do you know any landlords exploring restructuring their portfolio?
As part of our ongoing commitment to helping hopeful homeowners get onto the property ladder, whether purchasing from family members or landlords, our Concessionary Purchase enhancements could help more of your customers fulfil their ambitions.
Do you have a customer in mind?