Make your life simpler by consolidating your existing borrowing with a homeowner loan

A homeowner loan from Pepper Money could help you consolidate your debts, making them easier to manage each month. We could offer you a homeowner loan of any amount from £15,000 to £1 million.

Start your homeowner loan application online to see if you’re eligible. At this stage, all we need are a few details about you, your property, and how much you are looking to borrow.

Representative Example: Based on borrowing of £40,000, plus £1095 lender fee, totalling £41,095, over 200 months on a variable product with an initial borrowing rate of 7.3%. There would be 200 monthly instalments of £377.77. Total amount payable £71,249, made up of: Mortgage Amount £40,000, Interest £30,059, Lender fee £1095, Exit Fee £95. Overall cost for comparison purposes 8.0%. Please be advised that any interest rate fluctuations, during the life of the mortgage contract, will affect the total amount repayable.

Our Homeowner Loans have a minimum term of 36 months to a maximum repayment term of 360 months. Our rates are dependent on a customer’s individual circumstance and our Maximum APRC charged during the past 3 years is 16.1%.

Our customers rate us Excellent on Trustpilot

Interest rates are rising

Pepper Money commissioned YouGov to understand the impact of increasing interest rates on UK homeowners existing unsecured borrowing.

The results revealed:

7.7 million homeowners could be hit with an annual increase in interest rate payments of more than £900 on their unsecured loans, including car loans.
12.7 million homeowners could be hit with an annual increase in interest rate payments on their credit cards, store cards and overdrafts, of more than £750 in the coming year.

Coupled with the cost of living on the increase such as food and fuel costs, some homeowners could be paying hundreds of pounds more on bills each month compared to 12 months ago.

If you’re a homeowner looking to reduce your monthly outgoings, one way of doing so is through debt consolidation to bring down your monthly payments on existing credit commitments. This can include personal loans, store cards, credit cards, and overdrafts.

Homeowner loans for consolidating borrowing

A homeowner loan is a form of borrowing only available to mortgage holders and is secured against your property without affecting your current mortgage.

As the loan is secured, you can typically borrow more with a lower rate than a personal loan, depending on the equity you have in your property.

If you’re looking to raise funds to re-organise existing borrowing, a homeowner loan could be the best option for you, as you could consolidate it into one easy-to-manage monthly payment. Our fully qualified mortgage advisers assess each application individually to ensure consolidation is right for you.

As the loan is secured, this means that if you were unable to maintain your loan repayments, you might lose your property. When consolidating existing credit into further borrowing, you may extend the repayment term of your debt, which could increase the total amount you repay.

Why choose Pepper Money for a homeowner loan?

Find a broker who can talk you through your options and give you their recommendation.

What others think...

We set ourselves extremely high standards when it comes to service, and take a lot of pride in the feedback we receive from our customers.

Bad credit history

I was so nervous applying for pepper money as my husband had bad credit history in the last year but it was all worth it. The time scale was so quick, we applied, they asked for a few paper works… Thank you so much, you have been amazing. I cannot recommend you enough!

2nd Charge remortgage additional funds

Absolutely excellent Service, Royema was brilliant very efficient and let me know what was going on all the way! Very fast and efficient service from Royema to the 2nd charge mortgage team who dealt with me after my initial enquiry, they did there upmost to get the valuation done as quick as they could, the whole process took less than 3 weeks. Thank you all would definately recommend

Second Charge with Pepper.

Excellent service from Charlotte. Quick responses to emails had the whole thing finished in a couple of weeks. Highly recommended

Had a great dealing with Pepper Money

Everyone I spoke to at Pepper Money were very friendly, happy and helpful. They were all personable, making it a more human experience and not robotic like some companies can be who dont show an ounce of personality. They were patient with me and gave me all the update and information I needed without me prompting. Plus great rates and deals from them, which really helped our personal circumstances!

Very helpful and prompt to deal with

Excellent from start to finish

Just completed our second charge mortgage with Pepper and cannot speak highly enough of them. Smooth and quick process from start to finish, quick response to emails, kept informed throughout. Flawless!

We are proud of the service we deliver and our customers agree. We’re rated ‘Excellent’ on TrustPilot.

Make your life simpler by consolidating your existing borrowing with a homeowner loan

Interest rates are rising

Pepper Money commissioned YouGov to understand the impact of increasing interest rates on UK homeowners existing unsecured borrowing.

Homeowner loans for consolidating borrowing

Why choose Pepper Money for a homeowner loan?

What others think...

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