If you are a customer in England, Scotland, or Wales you can apply for a second-charge mortgage (also known as second mortgages).
Founded in June 2014 and formerly known as Optimum Credit Ltd, Pepper Money are based in Cardiff, Wales. They primarily offer second-charge mortgages, offering a range of products including variable, fixed-rate, and discounted mortgages to suit your needs. It doesn't matter why you need a loan. You could be extending or renovating your home or using the loan to consolidate other debts. If you contact Pepper Money, they will call back to discuss your requirements.
|Lenders||Loan type||Loan amount||Loan terms|
|Bamboo Personal Loans||Personal Loan||£1,000 to £5,000||1 to 5 years||Compare Loan|
|BeSavvi||Personal Loan||£1,000 to £10,000||2 to 5 years||Compare Loan|
|Everyday Loans||Personal Loan||£1,000 to £15,000||3 to 5 years||Compare Loan|
|1st Stop Personal Loans||Personal Loan||£2,000 to £15,000||2 to 6 years||Compare Loan|
|Hitachi Personal Finance||Personal Loan||£1,000 to £25,000||2 to 5 years||Compare Loan|
|Leap Lending||Personal Loan||£500 to £25,000||1 to 5 years||Compare Loan|
|Lendable||Personal Loan||£1,000 to £20,000||1 to 5 years||Compare Loan|
|Lending Works||Personal Loan||£1,000 to £25,000||1 to 6 years||Compare Loan|
|Likely Loans||Personal Loan||£1,000 to £25,000||1 to 5 years||Compare Loan|
|My Community Finance||Personal Loan||£15,00 to £25,000||1 to 5 years||Compare Loan|
|Shawbrook Bank||Personal Loan||£1,000 to £35,000||1 to 7 years||Compare Loan|
|Zopa||Personal Loan||£1000 to £25000||1 to 5 years||Compare Loan|
|Admiral Loans||Personal Loan||£1000 to £25000||1 to 5 years||Compare Loan|
|Koyo||Personal Loan||£1,000 to £5,000||1 to 3 years||Compare Loan|
|LiveLend||Personal Loan||£1000 to £12000||1 to 5 years||Compare Loan|
|118 118 Money||Personal Loan||£1000 to £5000||1 to 2 years||Compare Loan|
|RAC Loans||Personal Loan||£1000 to £35000||1 to 7 years||Compare Loan|
|RateSetter||Personal Loan||£3,000 to £25,000||1 to 5 years||Compare Loan|
|Amigo Loans||Guarantor Loan||£1,000 to £10,000||1 to 5 years||Compare Loan|
|Bamboo||Guarantor Loan||£1,000 to £8,000||1 to 5 years||Compare Loan|
|Buddy Loans||Guarantor Loan||£1,000 to £10,000||1 to 5 years||Compare Loan|
|George Banco||Guarantor Loan||£1,000 to £10,000||1 to 5 years||Compare Loan|
|Guarantor My Loan||Guarantor Loan||£1,000 to £10,000||1 to 5 years||Compare Loan|
|1+1 Loans||Guarantor Loan||£1,000 to £10,000||1 to 5 years||Compare Loan|
|TrustTwo||Guarantor Loan||£500 to £10,000||1 to 5 years||Compare Loan|
|Fluent Money||Homeowner Loan||£10,000 - £250,000||1 to 25 years||Compare Loan|
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Pepper Money only provides second-charge mortgages, a type of homeowner loan secured on your property. These are only available to people who already have a mortgage (known as first-charge) and are commonly used to help homeowners to fund large projects to improve the home, or to consolidate other debts into a longer-term loan with lower repayments.
One thing to keep in mind with this option is that, as you are repaying your debt over a long period you will probably end up paying more over the long term. Before you consider applying for a second-charge mortgage make sure that it will suit you in the long term.
Second-charge loans allow you to:
Things you should consider are:
The final decision from Pepper Money will be subject to their approval process, but here are some quick checks to help you determine if you could apply:
To start the process of application, click on the Get Quote button here on Free Price Compare and fill out the form to request a callback from a member of the Pepper Money team. A mortgage adviser will then call you back to talk about your needs and situation, and make recommendations as to which of their products would best suit you. They will then perform a credit check and get back to you with a decision very quickly.
Pepper Money does offer payment holidays or deferrals to customers who have experienced changes in income such as redundancy or the impact of coronavirus. Contact the company to see if this is possible for you.
Pepper Money are currently rated 4.6/5 on Trustpilot, with 90% of customers rating them as Excellent or Good with many mentioning their fast turnaround and good customer service.