Pepper Money

Pepper Money: Tailored Mortgage Solutions for Complex Borrowers

Pepper Money is a specialist mortgage lender that offers tailored solutions for individuals with complex financial circumstances. Whether you’re self-employed, have a non-standard credit history, or have experienced financial challenges in the past, Pepper Money provides a range of products designed to meet your unique needs.

At Kerr & Watson, we work closely with Pepper Money along with other lenders to give our clients access to these bespoke mortgage products, ensuring that you find the right mortgage to meet your financial situation.

Why Do People Consider Pepper Money

Specialist Lending Expertise

Pepper Money is well-known for its ability to provide mortgages for clients who may struggle with mainstream lenders. This includes individuals with less-than-perfect credit, those with complex income structures, or those who are self-employed. Their products are designed to cater to people who have been turned down by traditional lenders.

Flexible Criteria for Borrowers

Pepper Money offers flexible lending criteria, taking into account various financial situations. This includes providing options for individuals with missed payments, defaults, County Court Judgements (CCJs), or even bankruptcy in their financial history. Pepper Money’s solutions are aimed at helping borrowers get back on track while securing a mortgage.

Self-Employed and Contractors

Pepper Money is particularly well-suited for self-employed borrowers and contractors, offering mortgage products that are flexible enough to cater to fluctuating or non-standard income structures. With products specifically designed for those with limited documentation or shorter trading histories, Pepper Money can help make homeownership accessible for a wider range of borrowers.

Dedicated Broker Support

Pepper Money operates exclusively through intermediaries, meaning that you receive expert advice throughout the process. Kerr & Watson works closely with Pepper Money along with other lenders to ensure that you are matched with the most suitable product for your financial goals.

Switching Your Rate with Pepper Money: What You Need to Know

If you are an existing Pepper Money customer approaching the end of your initial product term and considering switching your rate, it’s important to note that Pepper Money does not currently offer product transfers. Once your initial term ends, your rate will automatically revert to the standard reversion rate outlined in your original mortgage offer.

If you wish to change your rate before the end of your current product term, you may be subject to an early repayment charge (ERC).

You can still remortgage with Pepper Money, but it will be treated as a new mortgage application, requiring full underwriting and a new property valuation. Since Pepper Money specialises in providing mortgages to customers underserved by mainstream lenders, their rates may sometimes be higher than others available on the market.

It is advisable to explore more competitive rates by consulting with an independent mortgage adviser. They can review all available options across lenders and help you find the most suitable mortgage, which may involve switching to a different lender.

Product Highlights

Specialist Residential Mortgages

Tailored for those with adverse credit histories, such as missed payments or defaults. Pepper Money offers flexibility for those with unique credit challenges.

Buy-to-Let Mortgages

Ideal for landlords or property investors who have complex income structures or non-traditional credit histories. Pepper Money’s buy-to-let products are designed to offer flexibility and ease, even for those who have faced challenges with other lenders.

Self-Employed Mortgages

Specially designed products for self-employed borrowers and contractors, offering options even for those with shorter trading histories or variable income.

Why Contact Kerr & Watson?

Navigating the mortgage market can be complex, particularly if you have a non-standard financial profile. At Kerr & Watson, we specialise in working with clients who require tailored solutions, like those offered by Pepper Money. Our team will guide you through the entire process, ensuring that you find the best mortgage solution for your unique circumstances.

Get in Touch

If you’ve struggled with traditional lenders or have a unique financial situation, Pepper Money may be the ideal solution for your mortgage needs.

Contact Kerr & Watson today to speak with one of our expert advisers and explore how we can help you secure the right mortgage for your situation.

The information on this page is not tailored to any individual readers and should not be considered financial advice under any circumstances.

If you are seeking advice about a mortgage, you should speak with a qualified advisor.

Your Mortgage In 3 Easy Steps…

Conversation

Schedule a call to talk to a mortgage advisor about your goals, challenges and vision for your mortgage.

Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.

Research

We will take the information gained on the call and carry out some research before sending you a bespoke recommendation.

If you would like an agreement in principle, we’ll also arrange this for you.

Application

We will submit the full application to the mortgage lender, sending them the documents and liaising with the underwriters until the mortgage has been fully offered on the new interest rate.

We will also communicate with you at every stage, from application to completion.

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Kerr & Watson | Address: Pembroke House, 8 St Christophers Pl, Farnborough GU14 0NH, UK | Phone: 01252 224620 | Email: info@kerrandwatson.co.uk | Hours: Mon-Fri 9:00–17:30

Frequently Asked Questions

▸ ▾ What does a mortgage advisor do?

A mortgage advisor evaluates your income, outgoings, credit history, and other financial commitments. They also assess property-related details, whether you’re buying or refinancing, ensuring you understand the best mortgage options for your situation. They also process the mortgage application to the lender, working with them to obtain a mortgage offer, then work with the conveyancer towards the completion of your purchase or remortgage.

▸ ▾ How does a mortgage advisor enhance the likelihood of mortgage approval?

A mortgage advisor increases your chances of mortgage approval by matching you with the most appropriate lenders, optimising your application, and navigating complex lending criteria to find the best value deal for your circumstances.

▸ ▾ What are the financial benefits of working with a mortgage advisor?

Working with a mortgage advisor can save you from costly mistakes such as choosing the wrong mortgage type or failing to meet a lender’s criteria. Their expertise often leads to securing more favourable mortgage terms and rates.

▸ ▾ Can a mortgage broker get you a better rate?

Often, a mortgage broker can find more cost-effective deals for you, even when their fees are considered, they can review the whole market and access exclusive broker only products that may not be available directly to the public.

▸ ▾ What steps should you take before speaking to a mortgage advisor?

Before speaking with a mortgage advisor, gather all relevant financial documents, including payslips, bank statements, and details of your credit history to ensure an accurate assessment of your situation.

▸ ▾ What range of financial history do mortgage advisors examine?

Mortgage advisors and lenders typically assess the last six years of your credit history to gauge your financial behaviour, this includes any missed payments or defaults.

▸ ▾ How long does it take a mortgage advisor to get a mortgage offer?

The process from application to approval of a mortgage can vary, normally this is anywhere from two to six weeks depending on the mortgage lender and the complexity of your situation.

▸ ▾ Do mortgage advisors have access to exclusive mortgage rates?

Yes, mortgage advisors often have whole-of-market access, which allows them to secure competitive rates, sometimes not directly available to consumers.

▸ ▾ What documents do mortgage advisors typically require?

Advisors typically need proof of identity, proof of address, 3 months payslips, tax calculations or accounts, bank statements, and potentially credit report to fully assess your financial situation.

▸ ▾ What are the advantages of using a mortgage broker rather than going direct to your bank?

A mortgage broker can provide whole of market advice by comparing offers from multiple lenders, potentially securing better rates and terms than a single bank’s offerings.

▸ ▾ Who are the Financial Conduct Authority?

The Financial Conduct Authority (FCA) regulates mortgage brokers and lenders to ensure they adhere to ethical and professional standards.

▸ ▾ How do you know if your mortgage advisor is qualified?

A qualified mortgage advisor should have a Certificate in Mortgage Advice and Practice (CeMAP) or equivalent, which is recognised by the Financial Conduct Authority (FCA). They should also be listed on the Financial Services Register, ensuring they are authorised to give mortgage advice.

▸ ▾ How can you get a free credit report?

Lenders look closely at your credit score to decide how risky it is to lend to you. A good credit score can not only boost your chances of getting approved for a mortgage but might also get you better interest rates.

CheckMyFile offer a 30-day free trial after which a subscription fee applies, which can be cancelled any time.

CheckMyFile is a UK credit reporting service that collates information from the most popular credit referencing agencies, Equifax, Experian & TransUnion.