Pepper Money has revamped its product range with a wealth of fresh criteria to make it easier for brokers to place their interesting cases.

The new criteria includes:

• Small utilities, communications and mail order defaults can now be ignored on Pepper 6, Pepper 12, Pepper 18 and Pepper 24.
• Interest only is now available as a repayment method on Residential remortgages up to 60% LTV.
• Self-employed borrowers can now include additional income considerations as part of their affordability assessment. These include expenses add-backs, directors’ car allowance, directors’ pension contributions, use of home as office and private health insurance.
• Missed payments on fixed term credit agreements are now acceptable after six months.
• Minimum age has been reduced to 21.

Along with these criteria changes Pepper launched a range of new 2-year fixed Limited Edition pricing, with some rates slashed by up to 1%.

The Limited Edition is available on Pepper 6, Pepper 12 and Pepper 18 for Residential borrowers who have not registered a CCJ or Default in the last 6, 12 or 18 months respectively. Rates start from 3.08%.

Rob Barnard, Sales Director at Pepper Money, said: “We’re always reviewing our products and pricing to ensure that we can make it as easy as possible for brokers to find a home for their interesting cases.

This is why we have introduced the fresh criteria across a number of key areas. I think this goes some way to show the scale of Pepper’s commitment to brokers and our ambition to help even more borrowers.”