Pepper Money has rolled out its shared ownership mortgage offering to the whole market following a successful pilot period.
The specialist lender initially launched a shared ownership range as a pilot in September.
This new range will now be available on the lender’s Pepper 24 and 36 product tier up to 75% LTV, to help customers with unsecured missed payments, CCJs and defaults registered as recently as 24 months ago.
Pepper Money said the launch into shared ownership mortgages is part of a “growing” affordable home ownership proposition to help more hopeful homeowners purchase their own property. It follows the lender’s launch into Help to Buy last month.
The lender’s sales director, Paul Adams, commented: “We have used the pilot to refine our processes and ensure we can deliver this unique type of lending at the same time as maintaining the high service levels expected of Pepper Money.
“As with all of our mortgages, our Shared Ownership proposition will be supported by expert underwriters who take an individual approach to assessing every application on its own circumstances and merits.”
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