Second Charge Mortgage Criteria
Mortgage Criteria
Second charge mortgages are a solution for many customers in a variety of situations and circumstances. As a responsible lender Pepper Money will only lend to customers who, as a result of the application process, we believe have the ability and intention to repay the second charge mortgage.
Borrow up to £1,000,000
Pepper Money could offer your client a second charge mortgage of any amount from £5,000 to £1,000,000.
Repayment periods up to 30 years
We can offer a repayment term of 3 to 30 years subject to your clients individual circumstances and credit checks.
Competitive rates
We offer competitive fixed, discounted and variable rate products. The actual rate we offer will depend on your clients individual and personal circumstances.
Flexible overpayment options
We offer flexible overpayment options, without penalty, which allow you to either reduce the term of your clients second charge mortgage, or reduce their monthly repayments, whichever suits their circumstances, firmly putting them in control.
Straightforward and friendly
You can expect a straightforward, customer friendly approach both during your application process and after completion of your clients second charge mortgage.
No ERC products available
Borrow up to £1,000,000
Competitive rates and flexible overpayment options
Repayment periods up to 30 years
No valuation products available
Self-employed, employed, contractor income
Min property value £75,000
Our BDMs
Lending criteria at a glance
- Market leading lender
- The majority of cases will not require valuation
- No matrix - each customers product is based on their individual circumstances
- Flexible approach to underwriting
- Ability to overpay without penalties
Referrals
If a case falls outside our standard criteria we may still be able to help.
