Pepper Money has launched enhanced lending criteria for self-employed clients throughout its second charge mortgage vary.
Self employed clients will now have entry to the identical charges as employed debtors as much as 95% loan-to-value (LTV).
The new criteria will permit self-employed candidates to make use of their newest 12 months’s earnings for affordability calculations throughout all merchandise.
For Pepper Money’s Prime and XLTV ranges, the lender will request two years’ proof of earnings and on its Plus vary, it would request only one 12 months.
Pepper Money second charge gross sales director Ryan McGrath says: “Pepper Money has established a robust popularity in offering lending alternatives that stage the enjoying discipline for the self-employed, and these enhancements will assist to reinforce that popularity.
“When it involves second charge mortgages, we’ve recognised a number of the challenges confronted by self-employed clients and improved our criteria to handle these challenges head-on.”
