Specialist Home Loans

Specialist Home Loans House

Pepper Money’s Specialist home loans are designed for customers who, due to restrictive credit or employment history criteria, are unable to meet the lending criteria of banks and mortgage insurers. This home loan range considers self-employed borrowers who have been in business for less than two years, borrowers that have defaulted in the past, those with judgements or writs and borrowers who have been discharged from bankruptcy - even after just one day.

Key Features

Available as a Full Doc or Alt Doc home loan.

  • No third party approval required from Lender's Mortgage Insurance providers

Unlike other lenders, Pepper Money does not require approval from a third party mortgage insurer. Pepper Money offer specialist loans with flexible features and can cater to a client’s individual circumstances.

  • No credit scoring

Expert underwriters manually assess your client’s circumstances to increase the likelihood of finding a solution.

  • Unlimited Credit Impairment under 24 months considered

Clients with an unlimited number of paid or unpaid defaults, judgements or writs of any value are considered provided the credit impairment is due to a specific ‘life event’ (e.g. divorce, job loss etc). Pepper Money will also consider a client discharged from bankruptcy.

  • Mortgage Arrears considered

Clients with up to 2 months recent mortgage arrears may be considered under the Specialist range.

  • No Genuine Savings required.

Your clients can use an inheritance or gifted funds for a deposit.

  • Loan Purpose

Purchase or refinance of owner occupied and investment properties. Your client can also consolidate an unlimited number of debts. Cash out is available for acceptable purposes including business purposes and pay out of ATO debt.

  • Alternative Documentation (Alt Doc)

Under the Alt Doc Specialist loan, an applicant’s income can be verified by either 6 months business bank statements, 6 months BAS or a Pepper Accountant’s Letter* to verify income. 12 month registered ABN & 6 month GST is required.

  • 100% interest offset sub-account

With our 100% interest offset sub-account and Visa debit card; your clients can reduce the interest payable on their home loan whilst having access to transaction facilities.

  • Redraw

Access funds that are available for redraw on the internet, on the phone or via ATMs.

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Is a Pepper Money Specialist home loan product right for your client?  

Call us on 1800 737 737 or submit a scenario

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Learn about our full suite of home loan products

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A standard home loan with a competitive variable interest rate, flexible repayment options and typical loan features such as a 100% interest offset sub-account.

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A home loan for borrowers who have maintained a clean credit history for the last 2 years.

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Note - All applications are subject to Pepper Money’s normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.
* Pepper Accountant’s Letter not accepted for Specialist PLUS loans.