Pepper Money, the lending division of Pepper (UK) Limited, has today announced the establishment of a project to create a new entity to seek authorisation for a banking licence from the Bank of England and a number of key senior hires to support this initiative.
Pepper Money has enhanced its criteria for self-employed borrowers and will now use the latest year’s net income in affordability calculations.
Pepper Money has launched a better deal for contractors, with the introduction of day rate calculations to assess affordability.
Pepper Money has strengthened its support for brokers with the appointment of Clare Jarvis in a new role of Head of National Accounts.
Cyprus’ largest bank engages Pepper, a specialist commercial loan servicer, to manage diverse €800m book.
On 30 September 2017 Pepper Money adopted the PRAs new rules regarding the underwriting of mortgage applications from landlords with 4 or more mortgaged rental properties (portfolio landlords).
Pepper (UK) Limited is pleased to confirm it's been assigned rankings by Standard & Poor's as both a primary and special servicer of residential and commercial mortgages in the UK.
Pepper Homeloans has been appointed to the mortgage lender panel of Intrinsic Network.
Rob Barnard, Director of Sales at Pepper Homeloans, said: “Intrinsic are a very well respected network and the team here at Pepper are all looking forward to working with their members over the coming months.”
Pepper Homeloans has extended its distribution network to include Paradigm Mortgage Club.
Paradigm will market Pepper Homeloans’ full range of residential and buy-to-let mortgage products that have been designed for clients who experience difficulties obtaining a mortgage via a high street lender.
Pepper Homeloans has reduced its shorter term fixed rates by up to 0.95% on its core residential mortgage range (NP1 & NP2) and has extended the range to include a new product, with rates starting from just 2.28%.