Useful Information

As part of the EU Mortgage Credit Directive (MCD), which came into effect in March 2016, we’re required to publish certain information on our website. Some of this information is available on other pages within this site, but we’ve also collated all this information below.

Pepper (UK) Limited is a subsidiary of Pepper Australia Pty Ltd (Pepper Group). The Pepper Group is a diversified, independent global financial services business with specialist experience in the core disciplines of lending, advisory and asset management across residential and commercial property sectors as well as consumer, auto and equipment finance.

"Pepper Money" is the trading name of Pepper (UK) Limited with its registered head office address at Harman House, 1 George Street, Uxbridge UB8 1QQ. Pepper (UK) Limited is authorised and regulated by the Financial Conduct Authority No. 484078.

All our mortgages have an initial offer period - we offer one type of rate during this period:

Fixed - this means the rate won't change during the intial offer period meaning your repayments won't change during this time. 

During this initial period if you chose to repay more than your acceptable overpayment (including paying off all your mortgage) you may have to pay an Early Repayment Charge (ERC). The ERC is calculated as a percentage of the amount you repay. After the initial period your mortgage rate will switch to the reversion rate - this is a variable rate and may be different for each of our mortgage products. Details of the ERC and reversion rates are included in your mortgage offer. 

Our loan durations range from a minimum of 5 years up to a maximum of 35 years. The loan term is dependent on your circumstances.

Our mortgages may be used to buy or remortgage a residential property for occupation or as an investment on a first charge basis.

To get a mortgage with us we'll need to be registered as the first charge mortgage on the property you're looking to buy - we'll use this property as security for the mortgage.

Your Mortgage Adviser will have access to our full lending policy outlining the types of property we are able to lend on.

There may be other costs involved in relation to your mortgage that are not included in a standard APRC. You can find more information about these costs in any illustration that has been issued to you or in our tariff or charges document.

Purchase applications can be repaid on a capital and interest basis or interest only up to 60% LTV. The interest only option is only available to applicants up to the age of 65 and you'll be required to detail how you intend to repay the remaining capital balance at the end of the mortgage term.

Re-mortgage applications can only be offered on a capital and interest repayment basis.

The MCD provides customers with the right to repay a loan early, either partially or in full. Early Repayment Charges will be outlined in your Mortgage Offer.

To get a mortgage from us we'll need a valuation of the property to be conducted. The valuation must be undertaken by a surveyor on our Valuation panel.

The cost of this valuation will be paid for by you - view our valuation fees.

You're not under any obligation to take any extra services or products from us to be able to get a mortgage. However, unless the property is commonhold or held under a lease and another party is obliged to insure the property, customers must arrange buildings insurance for the property and its fixtures against loss and damage.

Warning: Please note that if you do not comply with the terms and conditions of the mortgage then it is not guaranteed that the total amount of credit will be repaid by the end of the term.

Your home may be repossessed if you do not keep up the repayments on your mortgage.

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