Policy Change for Pepper Money Solicitor Panel
Change Date: 17/11/2023
Association: UK Finance
Jurisdiction: England and Wales
Index: v.2023 No.1145
Policy changes relevant to
Pepper Money
Solicitor Panel
| Updated |
|
17/11/2023 |
| 4.5b- Where should the certificate of title be sent? |
|
Please send to Pepper Money, Completions Department via e-mail: lendingenquiries@pepper.money |
| 5.4.5- Does the lender accept personal searches and, if yes, what are the lender's requirements? |
|
We do not accept personal searches |
| 5.4.6- Does the lender accept search insurance and, if yes, what are the lender's specific requirements? |
Yes for remortgages only, and Not for purchase transactions. |
Yes for remortgages only, and providing that the
search insurance adequately protects us and you are able to
certify that the title is good and marketable. Not for purchase transactions. |
| 5.20.3- Does the lender have additional requirements relating to leases of roof space for solar PV panels, and if so, what are they? |
Yes, we require an unconditional right to break the lease in
event of possession. If we break the lease, the lease must
include an obligation and responsibility upon the solar panel
provider, entirely at their own cost and expense to remove
the solar panels and make good any damage incurred to the
Residential |
Yes, we require an unconditional right to break the lease in event of possession. If we break the lease, the lease must include an obligation and responsibility upon the solar panel provider, entirely at their own cost and expense to remove the solar panels and make good any damage incurred to the Residential Property or Properties as a result. |
| 6.6.4- Does the lender lend where the property comes within the definition of a house in multiple occupation? If yes, what are your requirements? |
|
We do not lend on HMO properties |
| 7.3- Does the lender require a consent to mortgage from all occupants aged 17 or over? | Yes, unless the mortgage is a buy-to-let mortgage, Pepper Money will require a consent to mortgage from all occupants aged 17 or over. Please use our standard form deed of consent and, after completion, send this to Pepper Money, Servicing Department, Harman House, 1 George Street, Uxbridge, Middlesex, UB8 1QQ | Yes, unless the mortgage is a buy-to-let mortgage, Pepper Money will require a consent to mortgage from all occupants aged 17 or over. Please use our standard form deed of consent which is included in the offer pack and, after completion, send this to Pepper Money, Servicing Department, Harman House, 1 George Street, Uxbridge, Middlesex, UB8 1QQ |
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