Great news, we’ll now accept earned income to 75 years of age and a maximum age at end of term of 80 on Prime, Plus and XLTV.
Thank you for your continued support. We’re delivering more enhancements today. All are to help make Pepper loans more affordable, and support you to write additional business, and fulfil the borrowing needs of more customers.
These changes can be applied to pipeline cases. If you want to re-advise on a case you have progressing with us, please message us via Nivo.
Earned Income to 75 Years of Age
We recognise that a growing number of customers are likely to be working to an older age. From today, we’ll accept earned income to 75 years of age on Prime, Plus and XLTV subject to the following criteria:
- It must be plausible that the nature of employment / income is sustainable throughout the repayment term.
- All applicants must be below the age of 65 at the time the application is loaded.
Please refer to the ‘‘Customer Planned Retirement Age’ section in our Broker Packaging Guides for further information.
Maximum Age at End of Term
To enable customers with retirement income to release capital from their home to achieve their financial goals we’ll now accept a maximum age of 80 at end of term on Prime, Plus and XLTV.
Please refer to the ‘Customer Planned Retirement Age’ section in our Broker Packaging Guides for further information.
Key Contacts
If you have any questions or would like to discuss how Pepper could help your customers, please contact –
Matthew Batte 07498 291038 (South), Luke Edwards 07542 321177 (North), Claire Blunt 07519 750079 (North), Nicola Culshaw 07519 750084 (North), Ryan McGrath 07354 249284, or myself.
| Jennifer Evans Director of Sales Operations – Seconds |