Pepper Mortgage

ThatGuyAgain21

We have just applied for a Pepper Mortgage the DIP went though pretty quick and then we carried on with the full application. 

We received a pre-offer call on 21st February 2025 and was told to expect a mortgage offer within 24/48 hours. Now the 25th February 2025 and we haven’t heard anything should I be worried? 

I have a few defaults and an active DMP that finishes this year (been payment consistently for 5 years) which is why I’m a bit worried. My partner has some debt but neither of us have missed payments or had defaults in the last 4/5 years and never had a CCJ or bankruptcy. 

We’re applying for an £80k mortgage for a RTB property valued at £160k and we have a combined annual income of around £80k. 

With the changes to RTB I’d be gutted to not be able to get a mortgage. 

ACG

The weekend has been in the middle of that. I wouldnt worry, the security call is like the last check. You will be fine. 

ThatGuyAgain21

Sorry it’s our first time going for a mortgage and whilst there is lots of information online it’s hard to fathom whether we will get there. 

Thank you for your response. Clearly I need to learn patience. 

ACG

So much is at stake, I remember getting my first mortgage (before I was a broker). I know what its like. 

Speak to your broker though. I always say a large art of our job (especially with adverse) is hand holding and offering reassurance etc. 

ThatGuyAgain21

To be honest our broker has been amazing and is offering reassurance and believes all will be find. I suppose I’m trying to find the negative.