Pepper Money has made changes to its product range with the stated aim of making it easier for brokers to place their “interesting” cases.

The new criteria include:

• Small utilities, communications and mail order defaults can now be ignored on Pepper 6, Pepper 12, Pepper 18 and Pepper 24.
• Interest only is now available as a repayment method on Residential remortgages up to 60% LTV.
• Self-employed borrowers can now include additional income considerations as part of their affordability assessment. These include expenses add-backs, directors’ car allowance, directors’ pension contributions, use of home as office and private health insurance.
• Missed payments on fixed term credit agreements are now acceptable after six months.
• Minimum age has been reduced to 21.

Rob Barnard, Sales Director at Pepper Money, said: “We are always reviewing our products and pricing to ensure that we can make it as easy as possible for brokers to find a home for their interesting cases. Last week we slashed rates on a Limited Edition range of keenly priced products and today we have enhanced our criteria across a number of key areas. I think this goes some way to show the scale of Pepper’s commitment to brokers and our ambition to help even more borrowers.”