Compare Pepper Money Loans from FCA-Authorised Lenders

Pepper Money is a specialist lender that offers UK homeowners several home loan options. It is not the same as big banks or major banks. At Pepper Money, each home loan application is checked on its own. A responsible lending assessment is done to find the best financial product for you.

Pepper Money is part of the Pepper Group. It follows UK FCA rules. The company shares factual information about its credit policy, comparison rate, and any fees. This helps home buyers know what they need to make good choices. With Pepper Money, you get facts and clear details about your home loan options. Responsible lending means the loan you get will match what you need.

Pepper helps people who have complex credit history, unpaid defaults, or income that changes month to month. The team at Pepper does not use the same scorecard for everyone. Their credit assessment checks your property value. They look at your borrowing power and how steady your income is. They also try to get an understanding of my personal commitments. This includes things like childcare costs, tax, and how much I pay for mortgage repayments.

Pepper makes its eligibility criteria flexible. At the same time, they follow responsible lending rules.

• You need to be at least 21 years old when you apply. You also can't be older than 80 by the end of your chosen loan term.
• You must own a home in the UK and have some equity in your house or flat. This is needed for a residential property application.
• You should have a first mortgage on the home already. The Pepper loan will be set up as a second charge depending on how good the security is.
• You have to give some documents for a credit assessment. This means your ID, your address, proof of your income, and a recent credit report.
• You must pass some checks to show you can make all your mortgage repayments and pay other costs.
• If you have unpaid defaults or not much credit history, your application can still be looked at under their credit policy.

Tip: Pepper always advises applicants to seek independent tax advice from a qualified tax adviser if they are unsure how interest, fees or a promotion period might affect their personal tax position.

Pepper Money gives you clear and factual information. You know what to expect when it comes to prices from them. This helps you feel sure about what you are paying. With Pepper Money, it be easy to plan your budget and get ready for the costs.

• There is a standard plan that covers capital and interest for the full term.
• You can make unlimited extra repayments on some products. Check your offer to know if this applies to you.
• If you pay more than you need to, or finish paying off the loan before the fixed period is over, you might need to pay early redemption charges.
• There are different terms to pick. This helps you find the best way to balance your monthly cost and total interest.

• Improve or extend a home – you can get money to make your loft bigger or put in a new kitchen. You can do this without changing the time left on your current mortgage.
• New home deposit top-up – if you need more money for the deposit on a new home, you can get some extra funds. You can keep your good mortgage rate on the first charge at the same time.
• Debt consolidation – unlimited debt consolidation lets you put all your debts together in one payment. This can make it so much easier to manage and plan how you spend.
• Self-employed cash-flow – full doc home loans help people who are self-employed. If you have the right paperwork, you can get support for your cash-flow needs.

Borrowers feel good when big banks say no and Pepper gives them choices. You can get help from a mortgage broker, or you can work with Pepper on your own. Both options give you direct access to ask questions with the underwriters. All messages use easy words with not much finance jargon, so it is simple to read. You also find out about the business day timing at the very start.

These examples show that your own situation can change the comparison rate and application interest rate you see on the rate card. Your numbers will be different, because everyone has different needs and the way things are for them. These examples do not give an offer.

Pepper Money does not give tax advice. If you are not sure about rules for interest deductions or want to know how your benefits may be impacted, you should talk to a tax adviser. A tax adviser can help you with factual information about your questions on these topics. You will need to pay legal fees when you register the second charge. Your solicitor will tell you what to expect in the process. They will give you factual information about the legal papers that you have to sign.

• APR / actual interest rate – The annual percentage rate is what you pay in interest to the lender each year on your loan.
• Comparison rate – This rate puts together the interest and main fees. It helps you look at what different lenders offer, so you can compare them in a fair way.
• Amortization – This shows how your monthly payments are split. A part goes to the interest, and the rest goes to what you still owe.
• Promotion period – A short period when you get a special offer, like a lower interest rate or fewer fees, for a set amount of time.
• Formal approval – Pepper gives the final agreement for your loan rate, fees, and other details. They do this after they check everything about you and the loan.
• Responsible lending assessment – This is when there are checks to see if the loan suits you. They want to make sure you can handle the payments and be okay. This puts responsible lending first.