Pepper Money

We are aware of scams involving individuals being offered loans for an advanced upfront fee. With the fraudster posing as a representative of a financial services organisation. At Pepper Money we do not charge any fees before the application stage. We would not approach you directly in this way. Your broker will be able to tell you what fees and charges the product you’re applying for has, and when they will be charged. If you think you have been a victim of such a scam, please contact your bank immediately and report it to action fraud.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
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Consider funding your home improvements with a homeowner loan

A secured loan (homeowner loan) from Pepper Money could help you fund a home improvement project to upgrade your home to dream status or reorganise your finances by consolidating all your existing borrowing. 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%.

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Homeowner loans with you in mind

At Pepper Money, we could help you finance your next renovation project with a Homeowner Loan that meets your individual and personal circumstances.

You could borrow from just £15,000 up to £1millon with our homeowner loans allowing you to fulfil your home’s potential and make those blueprints a reality.

So, if you’re a homeowner looking to get started with your project, find out how much you could borrow for your project by using our homeowner loan calculator below. 

It only takes a few minutes to see how much you could borrow with our Loan Calculator. See if a homeowner loan could be right for you.

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What is a homeowner loan?

Homeowner loans are secured against your property and can be helpful for you to fund home improvement projects such as extensions or significant renovations. You may already know them as second charge mortgages or secured loans.

At Pepper Money, our fully qualified mortgage advisers individually assess every application submitted to us to evaluate if a homeowner loan is the most suitable product for your unique circumstances.

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How our Homeowner loans can help you

We aim to provide you with a homeowner loan that meets your individual and personal circumstances.

Borrow any amount from £15,000 to £1,000,000. Borrow up to 100% of property value.

We offer competitive fixed, discounted and variable rate products. The rate we offer you will depend on your circumstances.

We can offer a repayment term of 3 to 30 years subject to credit checks.

We offer flexible overpayment options, without penalty, which allow you to either reduce the term of your second charge mortgage, or reduce your monthly repayments putting you in control.

Our fully qualified mortgage advisers based in the UK can help you find a suitable homeowner loan product.

How much could I borrow...

Find out what your repayments might look like each month and how much you could end up paying with our homeowner loan calculator.

Sorry we are unable to help, we currently only offer products for homeowners.
Minimum existing mortgage balance of £5,000
Borrow amount is larger than the propery's value (less the existing mortgage)
Please select a value between £15,000 and £1,000,000
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Other mortgage products are available. Your broker will provide more information concerning other products during your application process.
2 Year Fixed Rate
The term fixed rate mortgage refers to a home loan that has a fixed interest rate for a set period of time at the beginning of the mortgage, in this instance the first two years. At the expiry of the fixed rate period, the reversion rate which is the lenders variable rate will be applied to the home loan. An Early Repayment Charge will be applicable during the fixed rate period.
5 Year Fixed Rate
The term fixed rate mortgage refers to a home loan that has a fixed interest rate for a set period of time at the beginning of the mortgage, in this instance the first five years. At the expiry of the fixed rate period, the reversion rate which is the lenders variable rate will be applied to the home loan. An Early Repayment Charge will be applicable during the fixed rate period.
Variable rate
The term variable rate mortgage refers to a home loan that has a variable rate from inception, for the life of the agreement.
* Required
Indicative results

Loan Amount*
Total Repayable*

Breakdown

This is a sum of the loan amount, interest (£) and an exit fee of £95.

Monthly Repayments*

Breakdown

This is based on a borrowing over Years / Months.

Indicative Rate*

Breakdown

This indicative rate is based on our rate and our lending criteria for your LTV of %.

*Please note these results are indicative and are meant to be used as a guide only. Additional fees such as a broker fee and a lender fee may apply. These fees vary and will be set in line with each brokers pricing policy.
Should you wish to submit an application, it'll be subject to status, full lending criteria, a credit check and a review by a qualified mortgage adviser, which could result in a different product which has a different interest rate. Any changes are likely to alter both the monthly payment amount and the total amount payable. Results are based on a good credit profile.

Representative Example
Borrowing of £40,000, plus £595 lender fee, plus £3,000 broker fee, totalling £43,595, over 192 months on a 5-year fixed product with an initial borrowing rate of 9.2%, following a variable rate of 9.6%. There would be 60 monthly instalments of £434.49, following 132 monthly instalments of £442.52. Total amount payable £84,577.09, made up of: Mortgage Amount £40,000, Interest £40,887.09, Lender fee £595, Broker fee £3,000, Exit Fee £95. Overall cost for comparison purposes 11.4% APRC. Please be advised that any interest rate fluctuations, during the life of the mortgage contract, will affect the total amount repayable.

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