Pepper Money has announced it is launching a range of new Help to Buy remortgage products.
The specialist lender’s offering will allow customers to refinance their Help to Buy mortgage from another lender, while also enabling them to pay off some or all of their Help to Buy equity loan if they choose to do so.
Pepper Money suggested the range will be ideal for customers who do not meet the credit score requirements in the high street. Reasons for this could be due to having a thin credit file or having recent missed credit payments.
It could also be due to CCJs, or defaults having been registered as recently as 24 months ago, down to a recent change in job, or a self-employment status of only one year.
“Help to Buy has proven an incredibly popular way for first-time buyers to take the first step onto the housing ladder,” said Pepper Money sales director, Paul Adams.
“However, options can be limited at the end of the initial five-year period when interest becomes payable on the Help to Buy Equity Loan. Particularly for those customers who do not meet the criteria of high street lenders due to their credit profile or the way they earn their income.
“We use financial inclusion as the guiding principle for our business. When we spot an opportunity to provide a fair, affordable solution for underserved customers, we do everything we can to make that solution available to brokers.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories