Pepper Homeloans offering mortgages in Ireland.
Pepper Homeloans has launched three mortgage products in Ireland for both home owners and buy-to-let loans. This is the first new mortgage lender in the Irish market since the banking crash.
They are targeted at people looking to switch their loans or consolidate their debts, the self-employed or those with impaired credit histories, and first-time buyers. This new addition to the market will trigger a much need shake up in the mortgage market. With Pepper competing for business the Borrowers will be the winners.
They are currently working through a small group of 20 brokers. We have spoken with Pepper but unfortunately they are not taking Donegal Properties on yet. This is likely to change over time and we hope to work with them once it does.
These products will be targeted at people looking to switch their loans or consolidate their debts, the self-employed or those with impaired credit histories, and first-time buyers
Pepper Essential: Available for residential and buy-to-let customers with standard variable rates starting at 3.55 per cent for owner occupiers and 4.5 per cent for investors.
Essential Plus: Is “tailored” towards the self-employed and those with “non-standard employment types”, with rates starting at 3.8 per cent for residential and 4.75 per cent for investors.
Advantage: Is aimed at people with a “legacy credit event” that is causing them difficulty in obtaining finance. Standard variable rates for this begin at 4.3 per cent for residential and 5.75 per cent for buy to let. Customers applying for the Advantage loan must not be in arrears or negative equity, and must demonstrate a clean credit record for the past two years.
Pepper are not taking Donegal Properties yet, we will let you know as soon as this changes.
If you have any questions, don't hesitate to give me a call.
We offer an independant Mortgage Service.
If you would like to discuss our Mortgae Service please give me a call.
The above if for information purposes only and does not constitute financial advice in any, we recommend that you speck with us before making any financial decisions. We recommend a holistic approach to financial planning and we can help you put your plans in place