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Pepper Money shortens job-length criteria for loans

  • 13/01/2022
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Pepper Money shortens job-length criteria for loans
The specialist lender Pepper Money announced changes to its residential loan criteria in a move it said would benefit a variety of home movers and remortgage customers in the pandemic era.


The company, which entered the Help to Buy market last year, said it had cut in half the time it required applicants to have been in their current jobs, from six months to three months. It also halved the length of time for an applicant to have been in continuous employment, from 12 months to six months.

Pepper Money’s sales director Paul Adams (pictured) said: “We are always looking to make improvements to our criteria and underwriting requirements.

“We know that many people have changed their employment during the pandemic, and these changes will make it easier for customers who have recently moved jobs to access the mortgage finance they need to achieve their objectives.”

The lender also said that tracker rates were now available for the first time on two-year options in several of its product tiers.

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