Pepper Money has expanded its affordable home ownership offering with the launch of specialist mortgages for customers looking to purchase a home through the Right to Buy scheme.
This new range will enable eligible council and housing association tenants in England to buy their homes with discounts of up to £96,010 or, in London, up to £127,940.
Pepper Money has already introduced mortgages for shared ownership and Help to Buy, as well as remortgage options for existing Help to Buy mortgage customers.
Each proposition in Pepper Money’s affordable home ownership range features inclusive criteria and products tailored to the specific requirements of individual schemes, backed by dedicated teams and processes.
Paul Adams, sales director at Pepper Money, said: “At Pepper Money, we have a clear purpose to deliver positive societal outcomes and promote greater financial inclusion to a more diverse range of customers.
“Our affordable home ownership proposition plays an important role in this, and we are committed to helping even more hopeful homeowners achieve their dreams with our launch into Right to Buy.”
Adams added that the rising cost of living and increasing house prices make it difficult for hopeful homeowners to take their first step onto the property ladder, and the Right to Buy scheme can provide an affordable solution for those eligible.
Pepper Money’s Right to Buy mortgages cater to customers whose income or credit history may not be adequately served by traditional high street lenders.
