Pepper Money revamps range, launches new portal

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Pepper Money has revamped its product range and has launched a new online portal.

Pepper Money is the new name for specialist lender Pepper Homeloans.

The lender has restructured its residential and buy-to-let ranges to make it easier for brokers to pick the best product for their client.

The firm has brought in a limited edition buy-to-let five-year fixed rate at 3.49 per cent.

The lender has also cut completion fees by £100 across its residential range.

Pepper’s new mortgage portal has been designed to make it quick and easy for intermediaries to select, submit and track mortgage applications online.

The portal lets brokers generate all necessary paperwork with ease.

Applications previously submitted via the new portal can be copied rather than having to be re-keyed.

Brokers will need to register on the new system even if they have previously registered with Pepper.

Applications, including all supporting documents, can be submitted 24/7.

Cases can be tracked at every stage through to completion.

If a DIP is declined brokers can see why without needing to ask.

If a DIP is approaching its expiry date, brokers will automatically be sent a reminder.

Pepper Money director of sales Rob Barnard says: “These changes have all been made with the explicit aim of making it quick and easy for brokers to select and submit mortgage applications to Pepper.

“The restructured product ranges now put the emphasis on criteria: Pepper 24, for example, accommodates borrowers who have had no CCJs or defaults in the past 24 months.”

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