Better for service and support

Manual underwriting on all cases

No credit scoring or auto-cascading – the product

you see is what you get

Transparent range based on registration date of

latest CCJ, default or secured missed payment

Unsecured credit never affects product tier

No value limit on CCJs and defaults; no need for them

to be satisfied

Capital raising permissible, without LTV restriction,

e.g. for business use or debt consolidation

No debt to income ratio

Better for Residential

One year’s self-employed trading accepted

Latest year used for affordability when trading for

two years or more

Day rate contractors must be in a contract and able to

demonstrate a minimum 12 months’ history (daily rate x 5 x 46)

Interest Only up to 60% LTV with no amendments to criteria

Sale of main residence accepted as repayment vehicle

with no pre-defined minimum equity

Pepper use ‘add backs’ for Limited Co Directors,

including pension, car allowance and home office costs,

to boost affordability

Better for Buy to Let

Pepper have no background portfolio stressing

125% of pay rate for Limited Company BTL irrespective

of applicant tax band

No max cumulative LTV % gearing limit on the

background portfolio

Market rental figures used as advised by the valuer

rather than rent received