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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.

A secured loan can be used for almost any purpose, including home improvements or debt consolidation

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.

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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

Our customers rate us Excellent on Trustpilot

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What is a homeowner loan?

A homeowner loan is a form of borrowing only available to mortgage holders and is secured against your property without affecting your current mortgage. It can also be known as a second charge mortgage or secured loan.

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. This makes homeowner loans a popular option for funding large home improvement projects or consolidating existing borrowing on credit cards and personal loans into one monthly payment.

A quick way to find out what could borrow with Pepper Money is to take your current property value and subtract your current mortgage balance. Unlike some lenders, we can consider lending 100% of the total equity you have built up against your home.

For example:

Property value is £500,000 with an existing mortgage balance of £120,000 would give a maximum borrowing of £380,000, subject to your circumstances. 

Bear in mind that because the loan is secured you risk losing your property if you were unable to maintain your repayments.

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Why choose Pepper Money for a homeowner loan?

  • You can save on fees by applying direct: we offer reduced product fees as you're applying directly with us.
  • Products to suit your needs: we offer a range of fixed, discounted and variable rate products. The rate we offer you will depend on your circumstances.
  • Borrow more: Get a homeowner loan from £15,000 to £1 million.
  • Give yourself longer to pay: we offer repayment options between 3 to 30 years.
  • Penalty free overpayments: we offer flexible overpayment options without penalty, which allow you to reduce the term of your loan, or reduce your monthly repayments - putting you in control.
  • Market leading advice so you can make the best decision: our UK based,fully qualified team of advisers can help find the right product for you.
Find a broker who can talk you through your options and give you their recommendation.
Apply now
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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. 

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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!
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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
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Second Charge with Pepper.
Excellent service from Charlotte. Quick responses to emails had the whole thing finished in a couple of weeks. Highly recommended
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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!
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Very helpful and prompt to deal with
Very helpful and prompt to deal with
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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!
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We are proud of the service we deliver and our customers agree. We’re rated ‘Excellent’ on TrustPilot.
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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.

Contact us

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UK Mortgage Lending Ltd (UKMLL) t/a Pepper Money is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 710410 as a provider of regulated mortgages. The FCA does not regulate our Buy to Let mortgages. UKMLL is a member of the Finance and Leasing Association and follows its Lending Code as a provider of second charge regulated mortgages. Registered Office: 4 Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ. Registered in England and Wales under Company Number 08698121.

Pepper Money Limited t/a Pepper Money is authorised and regulated by the Financial Conduct Authority under Firm Registration Number 811609 as a provider of regulated mortgages. The FCA does not regulate our Buy to Let mortgages. Registered Office: 4 Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ. Registered in England and Wales under Company Number 11279253. Calls may be monitored or recorded for training, compliance and evidential purposes.

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