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Our lending decisions aren’t solely based on a credit score. Our human approach to underwriting allows us to reach a fairer outcome for a broad range of customers. On some of our loans, we offer finance up to 95% of the purchase price, meaning you can start to look at buying a house once you've saved at least 5% of the purchase price. The deposit amount may also depend on the property and area you’re looking at purchasing. We don't rely on credit scoring or tick box forms and for mortgage applications we'll never base a decision on the applicants credit score. Regardless of the product our human approach to underwriting means people make decisions about people.
We don’t just look at the black and white boxes on your application. We make the effort to get to know you – the person behind the application. We then use a range of factors to provide an interest rate matched to your circumstances. We work exclusively with brokers and intermediaries for our mortgage products and on cases that don't fit with high street lenders. And as the UK's largest second charge lender, our second charge lending expertise is unrivalled. Our dedicated team work with a range of approved specialist partners to offer second charge mortgages to customers.
How to calculate home loan interest?
If you’re worried about your work history or other mortgages getting in the way, then talk to us. We can work together to try and find a way forward. To discover who the lucky winners are and the remarkable stories of making a real life difference in the community.
The total amount of interest that is paid on your mortgage is determined by your loan size, duration of the loan and the interest rate charged. Interest is usually calculated daily on your outstanding loan balance, then collected when you make a repayment. I tried with banks and other financial institutions but couldn’t get it due to my average credit rating because I had applied few times that affected my credit. So I tried a personal loan with Pepper Money thinking I wouldn’t get it either, but got it approved, I couldn’t believe it.
Our home loan options open more doors
You can find out what interest rate you might be eligible for in under five minutes using our home loan interest rate calculator. It’s quick, easy and won’t impact your credit score. Why let something in the past decide your future? We get it, real life happens and just because you had some credit issues before doesn’t mean that your options should be limited. That’s why we get to know you – the person behind the credit score.
Pepper Money helped me consolidate my debts into one loan. The process was so easy, I was actually shocked how quick it was. Everything was done online and it was the best experience compared to other loans I've applied for in the past. If I ever need a loan in the future, I’ll be applying to Pepper Money again. Refinancing with Pepper enabled us to access equity in our property when our previous lender would not. This enabled us to purchase an investment property for our future.
Need fresh loan options? You're in the right place.
I applied on Friday for a funeral and received acceptance on Monday morning. The rate is great and I just cant believe how quick I received a response. The most stressing time of my life and Pepper came around. Can't recommend pepper enough with their speed and customer service second to none.
By designing products that are easy to understand we can help you place your specialist cases. For Self-Employed applications we need your last two years Tax Returns, two years Tax Assessment Notice and & last 1 month’s business bank statements. If you are self-employed and unable to provide this documents, you may still qualify for an alternative documentation loan. We're here to help your customers take their first steps on the property ladder with our Help to Buy range. By designing products that are easy to understand and simple to place. By striving to make each interaction you have with us easier than the one before.
What are the fees and charges?
Whether you’re confused the purchase process, wondering what LMI or LVR mean, or are looking for help along the way, our resources are here to make sense of all that finance jargon. Yes – in fact, we partner with over 15,000 accredited mortgage brokers across Australia. Find out more about our home loans for the self-employed and small business owners. We’ll process your application and subject to underwriting checks, we’ll issue your final offer paperwork.
That’s why we’ve developed alt doc loans that allow recently self-employed borrowers to pursue their property dreams. Refinancing could reshape your financial situation. You can refinance to change lenders for a better deal, to consolidate debt, or to use your equity to help fund a renovation, a new business venture, or even a cheeky boat purchase.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Information provided is factual information only, and is not intended to imply any recommendation about any financial product or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Information provided is factual information only and is not intended to imply any recommendation about any financial product or constitute tax advice. All applications are subject to Pepper's normal credit assessment and loan suitability criteria. All Applications are subject to credit assessment,eligibility criteria and lending limits.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. If you have a mortgage with Pepper Money, here are the answers to some frequently asked questions. Find all the material you need for your next specialist Residential, Affordable Home Ownership or Buy to Let Mortgage application. Depending on the type of loan and when you took it out with us, there are different ways you can manage your loan. Check your account number to find out the relevant platform for you.
At Pepper Money, we’re redefining lending norms, looking for a reason to offer to help, rather than refuse it. So if either you or your customer are looking for a lender with the expertise to make sensible lending decisions, look no further. Work out your mortgage repayments and interest payable over the life of the loan.
At this stage, all we need are a few details about you, your property, and how much you are looking to borrow. Raise funds make the most of the equity in their existing property. Whether you are new to us, an existing customer or one of our valued intermediary partners we’ve recently been through a period of change.
Don't let your credit history hold you back
Before using Pepper Product Selector, it is important to ensure you have received your customer’s written consent to act on their behalf as an Access Seeker. We aim to make doing business with us as straightforward as possible. That means direct access to decision makers, clear, timely communications and best-in-class support.
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