Pepper Money
Specialist LenderPepper Money is a specialist mortgage lender focused on helping borrowers with adverse credit histories or complex income situations. They offer residential mortgage products with tiered pricing based on credit profile, providing a route to homeownership for those turned away by mainstream lenders.
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About Pepper Money
Pepper Money is a UK specialist mortgage lender owned by Pepper Group, an Australian financial services company with operations across Europe. Pepper entered the UK market to serve borrowers with adverse credit or complex income who are underserved by mainstream lenders. The lender offers residential products with tiered pricing that reflects the borrower's credit profile.
Pepper uses a combination of technology and manual underwriting to assess applications. The lender accepts borrowers with defaults, CCJs, and debt management plans, with rates adjusted based on the severity of credit impairment. Pepper has developed transparent criteria that help brokers place cases with confidence.
Pepper Money is broker-only and does not accept direct applications. The lender has built strong relationships with intermediaries and is known for competitive rates in the adverse credit space. Pepper benefits from its parent group's experience in non-conforming lending across multiple markets.
Lending Focus
Pepper Money offers mortgage products across 2 categories including Residential, Adverse Credit.
Key Features
- Tiered adverse credit pricing for fair rate allocation
- Accepts CCJs, defaults, and debt management plans
- Self-employed income assessed flexibly
- Part of a global lending group with strong funding lines
- Dedicated underwriter model for broker cases
Pros & Cons
Pros
- Tiered pricing ensures fairer rates for less severe credit issues
- Part of a global lending group with strong funding lines
- Accepts CCJs, defaults, and debt management plans
- Dedicated underwriter model for personalised service
Cons
- –Broker-only — cannot apply direct
- –Higher rates than mainstream lenders
- –Residential only — no buy-to-let or commercial products
Fees & Charges
- Arrangement Fee
- Typically £995 — varies by product tier
- Valuation Fee
- Based on property value — usually £200–£1,500
- Early Repayment Charge
- Typically 3–5% during fixed-rate period
- Overpayment Allowance
- Up to 10% per year on most products
Mortgage Rates
Rate data coming soon. View rates on Pepper Money
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 85%
Frequently Asked Questions
Can I get a Pepper Money mortgage with a default?
What is Pepper Money's maximum LTV?
Is Pepper Money a UK lender?
Does Pepper Money accept self-employed borrowers?
How to Apply
Broker only. Pepper Money products are available through mortgage brokers. Find a broker with Pepper Money on their panel.
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.