Some good news for returnees who face financial issues in the crash .

A new player in the mortgage market Pepper is offering opportunities for some returnees to avail of finance if they are considering purchasing a new home on their return

Pepper is the only lender that will consider people who had ” credit issues ” in the crash according to Paul Doddrell CEO of the group who has said ” You have got people with a legacy credit event -they lost their jobs ,they have been ill .This is where Pepper plays Globally ”

According to Doddrell Pepper are creating a new mortgage market .

However thread carefully as you will be charged premium rates .While Peppers standard rate starts at 3.1% borrowers with a blemished credit records pay at least 3.85% .

Still not too bad and Pepper appear to be proactive in dealing directly with people who never  believed that they could get back into buying their own home again .

what is more important and welcome to returnees is that there is a Bank that will make credit available to them and it is hoped that the rest will follow.