Pepper Money introduces Help to Buy remortgages

Pepper Money has announced it is launching a range of new Help to Buy remortgage products.

The specialist lender’s offering will allow customers to refinance their Help to Buy mortgage from another lender, while also enabling them to pay off some or all of their Help to Buy equity loan if they choose to do so.

Pepper Money suggested the range will be ideal for customers who do not meet the credit score requirements in the high street. Reasons for this could be due to having a thin credit file or having recent missed credit payments.

It could also be due to CCJs, or defaults having been registered as recently as 24 months ago, down to a recent change in job, or a self-employment status of only one year.

“Help to Buy has proven an incredibly popular way for first-time buyers to take the first step onto the housing ladder,” said Pepper Money sales director, Paul Adams.

“However, options can be limited at the end of the initial five-year period when interest becomes payable on the Help to Buy Equity Loan. Particularly for those customers who do not meet the criteria of high street lenders due to their credit profile or the way they earn their income.

“We use financial inclusion as the guiding principle for our business. When we spot an opportunity to provide a fair, affordable solution for underserved customers, we do everything we can to make that solution available to brokers.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.


Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.