Pepper Homeloans, a new business which launches today, will offer flexible options for people who had been turned down for traditional mortgage loans.
The new business, part of financial services specialist Pepper UK, will take a more personal approach to mortgage applications, looking at special cases.
Pepper Homeloans offers residential and buy-to-let products for the so-called mortgage misfits who do not meet the standard loan requirements.
According to a recent survey, there are 1.7 million Britons who struggle to get a mortgage currently because they have a problematic credit history or do not meet other criteria of a traditional application.
Pepper’s tailored approach ensures that each application is evaluated on a case-by-case basis, without relying on automated credit scores.
Pepper Homeloans offers residential mortgages at tracker rates starting from 3.35 per cent and buy-to-let loans at tracker rates from 3.9 per cent.
