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.
Great news, we’ve reduced rates on our Prime, and Plus fixed rate products.
We’re pleased to announce rate reductions to our fixed rate products across our Prime and Plus ranges. These new rates will be more attractive and help more of your customers raise the funds they need to achieve their financial goals. Our Prime and Plus variable rates have increased slightly.
The new rates are available in SWAN from today Tuesday 23rd January. Pipeline cases will be unaffected.
Self Employed Applicants
Given the time of year we thought we would remind you of our requirements regarding proof of income for self-employed applicants.
SA302s – Any application received from 6th to 31st January, will be accepted without the need for 3 months bank statements. However, if the application is unlikely to be Offered by mid-March we may request additional information.
Accountant Certificates – Any application received from 6th January that includes a projection for the tax year 2022/2023, will be accepted without the need for 3 months bank statements.
As per our November bulletin, we’ll now use the latest year’s income across all product ranges. We can accept less than 3 years’ trading history, with a minimum of 2 years’ acceptable income proof for applications on Prime and XLTV ranges. One year remains acceptable on Plus.