Residential

Residential Products

We’ve renamed our products to make it easier for you to identify the right product for your clients' situation, and we've reduced our completion fees across our residential range, but we've still got the same competitive rates. You can see details of our wide range of products, including those aimed at marginal credit score fails below. Also don't forget, free legals on all remortgages - see the product guide for more information.

 

  • Rates from 2.28% - some of the lowest for clients who marginally fail a credit score
  • CCJs and Defaults don't need to be satisfied and we have no ££ value limit
  • No credit scoring to make decisions, or to determine product pricing
  • Application fee across all products is just £135
  • For all pipeline business submitted up to and including 1 October 2017, LIBOR = 0.3015%. Set 14 September 2017
  • For all new business from 2 October 2017, LIBOR = 0.31%

Pepper48

Suitable for clients that haven't had a CCJ or Default in the last 48 months

  2 Year Fixed 30 Month Fixed 5 Year Fixed Reversion Rates

(Libor +)
LTV Initial Rate Comp Fee Initial Rate Comp Fee Initial Rate Comp Fee
70% 2.28% £795 2.28% £895 2.88% £895 3.50%
75% 2.38% 2.38% 2.98% 3.65%
80% 2.58% 2.58% 3.28% 3.90%
85% 2.78% 2.78% 3.48% 4.15%
 ERC  3%, 2% 3%, 2% 4%, 4%, 3%, 3%, 2%  
CCJs/Defaults 0 in 48 months
Mortgage/Secured Arrears

0 missed payments in 48 months (max arrears status of 0 in last 6 months)

Pepper36

Suitable for clients that haven't had a CCJ or Default in the last 36 months

  2 Year Fixed 30 Month Fixed 5 Year Fixed

Reversion Rates

(Libor +)

LTV Initial Rate Comp Fee Initial Rate Comp Fee Initial Rate Comp Fee
70% 2.37% £795 2.37% £895 2.98% £895 4.45%
75% 2.57% 2.57% 3.08% 4.60%
80% 2.67% 2.67% 3.38% 4.85%
85% 3.07% 3.07% 3.58% 5.10%
 ERC  3%, 2% 3%, 2% 4%, 4%, 3%, 3%, 2%  
CCJs/Defaults 0 in 36 months
Mortgage/Secured Arrears

0 missed payments in 36 months (max arrears status of 0 in last 6 months)

Pepper24

Suitable for clients that haven't had a CCJ or Default in the last 24 months

  2 Year Fixed 30 Month Fixed 5 Year Fixed

Reversion Rates

(Libor +)

LTV Initial Rate Comp Fee Initial Rate Comp Fee Initial Rate Comp Fee
70% 2.68% £795 2.68% £895 3.18% £895 4.45%
75% 2.68% 2.68% 3.28% 4.60%
80% 2.78% 2.78% 3.68% 4.85%
85% 3.18% 3.18% 3.83% 5.10%
 ERC  3%, 2% 3%, 2% 4%, 4%, 3%, 3%, 2%  
CCJs/Defaults 0 in 24 months
Mortgage/Secured Arrears

0 missed payments in 24 months (max arrears status of 0 in last 6 months)

Pepper18

Suitable for clients that haven't had a CCJ or Default in the last 18 months

  2 Year Fixed 30 Month Fixed 5 Year Fixed

Reversion Rates

(Libor +)

LTV Initial Rate Comp Fee Initial Rate Comp Fee Initial Rate Comp Fee
70% 3.23% £1,095 3.23% £1,195 4.08% £1,195 4.75%
75% 3.73% 3.73% 4.23% 4.90%
80% 4.28% 4.28% 4.83% 5.15%
85% 4.43% 4.43% 5.13% 5.40%
 ERC  3%, 2% 3%, 2% 3%, 2%, 1%, 0.5%, 0.5%  
CCJs/Defaults

0 in 18 months (max 3 in 36 months. Only 2 allowed in months 19 to 24)

Mortgage/Secured Arrears

2 missed payments in 36 months (max arrears status of 0 in last 6 months; no missed payments in last 18 months; 1 missed payments in months 19 to 24) 

Pepper12

Suitable for clients that haven't had a CCJ or Default in the last 12 months

  2 Year Fixed 30 Month Fixed 5 Year Fixed

Reversion Rates

(Libor +)

LTV Initial Rate Comp Fee Initial Rate Comp Fee Initial Rate Comp Fee
70% 3.78% £1,095 3.78% £1,195 4.48% £1,195 5.05%
75% 4.18% 4.18% 4.63% 5.30%
80% 4.68% 4.68% 5.18% 5.55%
 ERC  3%, 2% 3%, 2% 3%, 2%, 1%, 0.5%, 0.5%  
CCJs/Defaults

0 in 12 months (max 3 in 24 months. Only 2 allowed in months 13 to 18)

Mortgage/Secured Arrears 2 missed payments in 24 months (max arrears status of 0 in last 6 months; no missed payments in last 12 months; 1 missed payments in months 13 to 18)

Pepper6

Suitable for clients that haven't had a CCJ or Default in the last 6 months

  2 Year Fixed 30 Month Fixed 5 Year Fixed

Reversion Rates

(Libor +)

LTV Initial Rate Comp Fee Initial Rate Comp Fee Initial Rate Comp Fee
70% 4.48% £1,095 4.48% £1,195 4.88% £1,195 5.05%
75% 4.78% 4.78% 5.18% 5.30%
 ERC  3%, 2% 3%, 2% 3%, 2%, 1%, 0.5%, 0.5%  
CCJs/Defaults

0 in 6 months (max 4 in 24 months. Only 2 allowed in months 7 to 12 or 3 in months 13 to 18)

Mortgage/Secured Arrears

3 missed payments in 24 months (max arrears status of 0 in last 6 months; 0 missed payments in last 12 months; 2 missed payments in months 13 to 18)

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