Lender broadens product suite

Pepper Flexi Advantage PLUS and Pepper Self‐Employed Advantage PLUS are extensions to

Pepper’s established residential mortgage offerings, and were created in response to increased demand from brokers.

Both products provide more options for brokers and their clients, with eligible criteria now allowing two months current mortgage arrears, up to two defaults less than 12 months old for the Flexi Advantage PLUS and two defaults greater than 12 months old for the Self‐Employed Advantage PLUS.

Pepper chief operating officer David Holmes said the products were also designed to offer home loan options to brokers whose clients do not meet traditional lending criteria; this might include the self‐employed, people who have experienced redundancy or who may have been through a divorce or separation, which all impact on short‐term earning potential and cash‐flow.

“We have always placed great importance on our brokers’ needs and wants, so with demand for an even more flexible product suite, Pepper has expanded our range. Our brokers know we can genuinely help them and their clients, and the introduction of these new products and features demonstrates this,” Mr Holmes said.

“Some of the attributes of the Pepper Flexi Advantage PLUS and Pepper Self Employed Advantage PLUS include higher default and arrears allowance than our standard product suite and the continued use of the simple pricing matrices based around LVR that Pepper has become synonymous with. Pepper has also been very mindful of complying with responsible lending criteria in the development of this product suite, and will maintain the practice of assessing each individual deal on its merit with these products as well.”