Pepper Money launches affordability calculator
Pepper Money has launched a residential affordability calculator.
The calculator has been added to the firm’s website and enables brokers to find out how much the specialist lender would be able to offer their clients.
According to Pepper Money, the calculator provides brokers with calculations on how much their client would be able to borrow on both two and five year products.
Paul Adams, sales director at Pepper Money, said: “A growing number of people are earning bonuses and overtime, multiple income sources or working on a contractor or self-employed basis.
“This can make it more difficult for brokers to understand how much their clients wanted to borrow, so we have made the process much easier with the launch of our simple online calculator.
“By entering just a few details, brokers can quickly get accurate information about how much their clients are able to borrow across our range of products.
“And this means that brokers can provide clients with more clarity and more certainty.
“This is just one of the ways that we are making it easier for brokers to do business.
“We have plans for many more enhancements in the coming months.”