Pepper Money makes criteria enhancements for ‘just off high-street customers’

The lender is now able to accept up to 5% builders deposit on residential new build applications to help more hopeful homeowners.

The company has also expanded its AVM tolerance to same time and money on valuations, while increasing the maximum age at the end of term to 80 years old, with earned income accepted up to 75  — the firm has previously extended its maximum term to 40 years.

Paul Adams, sales director at Pepper Money, commented: “Last week, we introduced significant rate cuts right across our range, and this week, we can announce these new criteria enhancements, which will make our mortgages even more accessible to a wider range of customers.

“We are clear that just because a customer misses out on a high street mortgage, they shouldn’t miss out on competitive pricing, products with added value and exceptional service.”