Help to Buy Mortgage Products
Our mortgages
The “Help to Buy: Equity Loan” (England) scheme is now closed to purchases.
You can continue to purchase a property in Wales through the Help to Buy Wales scheme. The Welsh Government have extended the scheme from 1st April 2023 until 31st March 2025.
From the 1 April all homes sold through the scheme will need to meet a minimum of EPC B and the purchase price cap will rise from £250K to £300K. The new criteria of EPC B and rise in price cap will apply to properties purchased from 1 April onwards, any applications received before 1 April will need to meet the schemes current parameters, including the £250k price cap.
Full details can be found here: Help to Buy – Wales
Help your customers remortgage
Max LTV of 75% available
No decisions based on credit scores
Suitable for your customers who may miss credit scoring thresholds
Helping the self-employed
One year’s self-employed trading accepted
Variable income accepted
50% of overtime, bonuses and commission accepted to boost affordability
No debt-to-income ratio
Unsecured credit never affects product tier
No value limits on CCJs & defaults
No value limit on CCJs and defaults; no need for them to be satisfied
We’ve made finding the right product for your customer even easier. You can can either view the product tables below or use our product finder to help narrow down your search.
Help to Buy Mortgage Products Rates & Criteria
- For Intermediary use only
- November 2024
- LMR = 5.60% (As of 14th September 2024)
- For Intermediary use only
- November 2024
- LMR = 5.60% (As of 14th September 2024)
Pepper Help to Buy
Product
Term
LTV
Initial Rate
Comp Fee
Reversion Rates (LMR +)
ERC
- 5 Years
- 75%
- 6.24%
- £0
- 3.90%
- 4%,4%,3%,3%,2%
| Credit Criteria | |
|---|---|
| CCJs: | 0 registered in 48 months |
| Default: | 0 registered in 48 months |
| CCJ/Default Value: | No limit |
| Secured Missed Payments: | 0 in 48 months (No arrears balance in last 6 months) |
| Bankruptcy/IVA: | Discharged > 6 years ago |
| Reposessions: | None in last 6 years |
| Debt Management Plan: | Considered if satisfied over 12 months ago |
Product
Term
LTV
Initial Rate
Comp Fee
Reversion Rates (LMR +)
ERC
- 5 Years
- 75%
- 6.54%
- £0
- 3.90%
- 4%,4%,3%,3%,2%
| Credit Criteria | |
|---|---|
| CCJs: | 0 registered in 36 months |
| Default: | 0 registered in 36 months |
| CCJ/Default Value: | No limit |
| Secured Missed Payments: | 0 in 36 months (No arrears balance in last 6 months) |
| Bankruptcy/IVA: | Discharged > 6 years ago |
| Reposessions: | None in last 6 years |
| Debt Management Plan: | Considered if satisfied over 12 months ago |
Product
Term
LTV
Initial Rate
Comp Fee
Reversion Rates (LMR +)
ERC
- 5 Years
- 75%
- 6.74%
- £0
- 3.90%
- 4%,4%,3%,3%,2%
| Credit Criteria | |
|---|---|
| CCJs: | 0 registered in 24 months |
| Default: | 0 registered in 24 months |
| CCJ/Default Value: | No limit |
| Secured Missed Payments: | 0 in 24 months (No arrears balance in last 6 months) |
| Bankruptcy/IVA: | Discharged > 6 years ago |
| Reposessions: | None in last 6 years |
| Debt Management Plan: | Considered if satisfied over 12 months ago |
Applicant One
Applicant Two
Applicant One
Applicant Two
Final results
We’re currently reviewing all applications to ensure the income is sustainable in current market conditions. Based on the information provided please find details below on what your client(s) could borrow with us.
| Indicative maximum available subject to a DIP | |
|---|---|
| 2 Year Fixed: | £150,000.00 |
| 5 Year Fixed: | £200,000.00 |
| Basic Information | |||
|---|---|---|---|
| Number of Applicants: | Number of Children: | ||
| Required loan amount: | Repayment Type: | ||
| Term: | Years | Help to Buy Total Loan: |
| Income Applicant One | |
|---|---|
| Primary Annual Income | |
| Secondary Annual Income | |
| Annual Overtime | |
| Annual Bonus or Commission | |
| Car Allowance | |
| Maintenance Income (calculated at 50%) | |
| Rental Income (calculated at 50%) | |
| Allowable Income | |
| Total | |
| Commitments Applicant One | |
|---|---|
| Mortgages or secured loans | |
| Unsecured loans or hire purchase | |
| Credit or store cards | |
| Overdraft arrangements | |
| School fees | |
| Maintenance | |
| Student loans | |
| Other | |
| Total | |
| Expenditure | |
|---|---|
| Housekeeping | |
| Utilities | |
| Telephone | |
| Council tax | |
| Buildings insurance | |
| Ground rent | |
| Leasehold service charges | |
| Essential travel | |
| Clothing | |
| Personal goods | |
| Household goods | |
| Basic recreation | |
| Total | |
Important notice
Based on the information entered, an underwriter will carry out a full review at Decision in Principle. Please complete the DIP to confirm the maximum loan amount available.
These results are indicative and are meant to be used as a guide only. Should you wish to submit a DIP, it'll be subject to our full lending criteria, a credit check and an underwriter review which could result in a different value.
Please note by changing the loan amount figure you may change the loan to value. This may change the interest rate charged. If you're going to change any details we strongly recommend you start a new calculation to ensure it is as accurate as possible.
Before submitting business to us, you’ll need to register with us. It’s a quick and simple process and shouldn’t take more than 5 minutes.”
If you've already registered, please Login and complete our online application form.
If you have any questions, call our team on 03333 701 101 option 1, Monday to Friday between 9am and 5pm.
Fill in your details below and we will email the results to you
SUCCESS
Your results have successfully been emailed
Please check your inbox
Would you like to opt in to to our email marketing?
Sorry, there seems to have be an error.
Please refresh the page and try again.
Pepper Help to Buy Criteria
Key Criteria
| Applicants | Loan Size | ||
|---|---|---|---|
| Minimum Age | 21 years | Minimum | £25,001 |
| Maximum Age | 80 years at end of term. The term cannot extend beyond applicants stated retirement age. Maximum allowable stated retirement age of 75 | Maximum | Up to 500,000 available to 75% LTV |
| Maximum Applicants | 2 | Repayment | |
| Employed | Minimum of 3 months in current job with 6 months’ continuous employment and not in probation. Evidence of employment history is required to cover last 6 months | Captial & Interest | |
| Property Value | |||
| Minimum | £70,000 | ||
| Self-Employed | Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts | Term | |
| Minimum | 5 years and 1 month | ||
| Maximum | 35 years | ||
Need help with your mortgage case?
To discuss a case, or find out more about our products, call our experienced team. Ready to submit? Log into the application portal to get started, or register if it’s your first case with Pepper Money.
Resources
Our Help to Buy Intermediary tool kit has all the information you need