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Pepper withdraws all products ahead of new range

  • 21/05/2020
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Pepper withdraws all products ahead of new range
Pepper Money is pulling all its products from the market to make way for a refreshed range to coincide with the return of physical valuations.


Brokers have until 6pm tonight (21 May) to secure one of Pepper’s existing deals with a decision in principle (DIP) illustration status.

Full mortgage applications for those cases must be submitted with fees paid by 12pm on 26 May.  Pepper will not be able to honour any cases that miss these deadlines, it said.

Full details of the valuation process alongside a refreshed range of products and rates will be available on 22 May.

Paul Adams, sales director at Pepper Money (pictured), said: “Last week’s government guidance enabling surveyors to carry out property inspections means that we are now able to recommence physical valuations in England.

“This means that we can refresh our range to reflect the re-introduction of physical valuations, with products that continue to provide options for brokers to serve their clients.

“As a non-bank lender, we are doing all that we can to support our intermediary partners throughout this difficult period, and we continue to explore opportunities to build our proposition in a way that suits the market conditions and the needs of borrowers.”


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