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Self-Employed
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Refinancer
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Investors
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First Home Buyers
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Real-Life Events
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Customer Stories
With Pepper Money’s Prime, Near Prime and Specialist product ranges, you are likely to be able to find a possible solution.
Check out our case studies for our self-employed customers.
Meet Hamish...
His situation
After years of hard work, Hamish owned his own home, valued at $900,000. With an income of $300,000 and a solid growth plan, Hamish was looking to use the equity in his home to consolidate a $25,000 personal loan and cash out $180,000 to expand his home maintenance business.
After having his requirements assessed by a broker, it became clear that a Pepper Money home loan could be an option.
With Hamish’s written consent, the broker entered his details into Pepper Product Selector (PPS). In less than five minutes, received an indicative offer, which outlined a Pepper Money product, interest rate and fees Hamish could be eligible for, all with zero impact on his credit score^.
The broker presented Hamish with a couple of options, and he chose to apply for a Pepper Money home loan.
Real life outcome
After assessing Hamish’s application and verifying his situation, Pepper Money was able to provide approval for a Near Prime Full Doc home loan, at the interest rate and fees outlined in the PPS indicative offer. Through this option he was able to verify his income using:
- Last 2 year’s tax returns and notice of assessment or
- Last 2 years Financial Statements executed by a registered tax agent or Accountant**
Pepper can do
In real life, a Near Prime home loan might be an option for your customers for a number of reasons: they may be recently self-employed, have a past bankruptcy, have non-traditional income, or need cash out for business purposes.
With the help of PPS, you can identify a product, interest rate and fees in the form of an indicative offer in under five minutes - giving you the confidence to go ahead and speak to your client about their options. If all the information provided is correct and verified, then so are the rates and fees offered.
Thanks to his broker’s help, and the funds from Pepper Money, Hamish could now start to put plans into place to grow his business.
Try PPS for yourself.
Meet Danielle...
Danielle*, 30, had been working as a pastry chef at a bakery for 6 years. While she dreamed of owning her own pastry business, she felt a sense of loyalty to the owners.
Last year the hospitality industry faced disruption as a result of the pandemic. Unfortunately, the bakery was one of the businesses impacted and Danielle was made redundant.
Her situation
After some reflection, Danielle saw her redundancy as an opportunity to finally start the pastry business she had been dreaming of. She began baking cakes and pastries from home and delivered them to customers. Her business is booming and she was feeling fulfilled from achieving her goal.
Looking to set herself up with a second income stream, Danielle wanted to purchase an investment property. However, traditional lenders turned her away.
Despite having saved up a good deposit, her business had only started 6 months ago. This meant she only had 6 months of business bank statements available as income evidence, and she could not provide the last two years tax returns.
She approached a broker for help and after having her requirements assessed, it became clear that a range of specialist lenders could be offered to Danielle. After the broker presented her with these options, Danielle chose to apply for a Pepper Money home loan.
Real life outcome
After reviewing Danielle’s situation, Pepper Money was able to offer her a Pepper Specialist Alt Doc loan at an 85% LVR, which allows for alternative income verification through:
- 6 months registered ABN
- 6 months registered GST
- A declaration of financial positioning plus one of the following
- 6 months Business Bank Statements (inclusive of last 1 month)
- 6 months BAS
Pepper can do
While the pandemic may have encouraged many Australians to begin working on their own passion projects and businesses, proof of ‘standard income’ is often something these borrowers don’t have when it comes to applying for a home loan.
At Pepper Money, we look at a wide range of factors when assessing a home loan application and it’s a person who does the work. To help get a better understanding, a Pepper Money credit assessor will ask questions to get a more detailed and informed view, before they start making decisions.
With her broker’s help and the funds from Pepper Money, Danielle was able to continue working her dream job and achieve her goal of owning an investment property.
Meet Hamish...
His situation
After years of hard work, Hamish owned his own home, valued at $900,000. With an income of $300,000 and a solid growth plan, Hamish was looking to use the equity in his home to consolidate a $25,000 personal loan and cash out $180,000 to expand his home maintenance business.
After having his requirements assessed by a broker, it became clear that a Pepper Money home loan could be an option.
With Hamish’s written consent, the broker entered his details into Pepper Product Selector (PPS). In less than five minutes, received an indicative offer, which outlined a Pepper Money product, interest rate and fees Hamish could be eligible for, all with zero impact on his credit score^.
The broker presented Hamish with a couple of options, and he chose to apply for a Pepper Money home loan.
Real life outcome
After assessing Hamish’s application and verifying his situation, Pepper Money was able to provide approval for a Near Prime Full Doc home loan, at the interest rate and fees outlined in the PPS indicative offer. Through this option he was able to verify his income using:
- Last 2 year’s tax returns and notice of assessment or
- Last 2 years Financial Statements executed by a registered tax agent or Accountant**
Pepper can do
In real life, a Near Prime home loan might be an option for your customers for a number of reasons: they may be recently self-employed, have a past bankruptcy, have non-traditional income, or need cash out for business purposes.
With the help of PPS, you can identify a product, interest rate and fees in the form of an indicative offer in under five minutes - giving you the confidence to go ahead and speak to your client about their options. If all the information provided is correct and verified, then so are the rates and fees offered.
Thanks to his broker’s help, and the funds from Pepper Money, Hamish could now start to put plans into place to grow his business.
Try PPS for yourself.
Meet Danielle...
Danielle*, 30, had been working as a pastry chef at a bakery for 6 years. While she dreamed of owning her own pastry business, she felt a sense of loyalty to the owners.
Last year the hospitality industry faced disruption as a result of the pandemic. Unfortunately, the bakery was one of the businesses impacted and Danielle was made redundant.
Her situation
After some reflection, Danielle saw her redundancy as an opportunity to finally start the pastry business she had been dreaming of. She began baking cakes and pastries from home and delivered them to customers. Her business is booming and she was feeling fulfilled from achieving her goal.
Looking to set herself up with a second income stream, Danielle wanted to purchase an investment property. However, traditional lenders turned her away.
Despite having saved up a good deposit, her business had only started 6 months ago. This meant she only had 6 months of business bank statements available as income evidence, and she could not provide the last two years tax returns.
She approached a broker for help and after having her requirements assessed, it became clear that a range of specialist lenders could be offered to Danielle. After the broker presented her with these options, Danielle chose to apply for a Pepper Money home loan.
Real life outcome
After reviewing Danielle’s situation, Pepper Money was able to offer her a Pepper Specialist Alt Doc loan at an 85% LVR, which allows for alternative income verification through:
- 6 months registered ABN
- 6 months registered GST
- A declaration of financial positioning plus one of the following
- 6 months Business Bank Statements (inclusive of last 1 month)
- 6 months BAS
Pepper can do
While the pandemic may have encouraged many Australians to begin working on their own passion projects and businesses, proof of ‘standard income’ is often something these borrowers don’t have when it comes to applying for a home loan.
At Pepper Money, we look at a wide range of factors when assessing a home loan application and it’s a person who does the work. To help get a better understanding, a Pepper Money credit assessor will ask questions to get a more detailed and informed view, before they start making decisions.
With her broker’s help and the funds from Pepper Money, Danielle was able to continue working her dream job and achieve her goal of owning an investment property.
Watch Sara and Jason dosciss their experience with us
Refinancing may sound complicated, but it really isn't. From paying for renovations or combining debts, to securing an enticing home loan offer - there's so much your equity can do.
Marieke
Is your home loan still working for you? If you think it might be time for a change then you might want to think about refinancing. We discuss the options available to you.
Steve and Kayla
Is your home loan still working for you? If you think it might be time for a change then you might want to think about refinancing. We discuss the options available to you.
