Pepper Money has streamlined its experience for brokers, reducing the documentation it requires from clients.
The lender has reduced standard bank statement requirements for employed and self-employed applications to just one month.
Pepper Money has also removed the requirement to supply bank statements for those needing an offer extension.
Additionally, there is now no need to provide an Assured Shorthold Tenancy agreement for application from renters.
Applicants will continue to have their income fully verified, with Pepper Money using credit reference data to best understand people’s financial history.
“We understand just how hard mortgage brokers and administrators work to support their customers to complete their home buying journey,” said Paul Adams, sales director at Pepper Money.
“By simplifying the number of bank statements required for mortgage applicants, we’re helping to alleviate some of that administrative burden, meaning that brokers and administrators can focus on the job at hand.”
