Mortgage Solutions For Every Step
Whether you're buying your first home or expanding your property portfolio, I offer tailored advice to meet your specific needs.
First-Time Buyers
Stepping onto the property ladder is exciting, but can feel daunting. I specialise in guiding you through every stage.
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Moving House
Ready for a new chapter? I can help make the financial side of your move seamless, exploring porting or new deals.
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Re-mortgaging
Ensure you're not overpaying. I compare thousands of products to find you a competitive rate or release equity.
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Self-Employed
I specialise in presenting your income to the right lenders who understand your business and financial situation.
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Developers & Bridging
Fast and effective finance solutions like bridging loans and development finance for property developers.
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Protection Insurance
Straightforward information about Life Insurance, Critical Illness, and Income Protection to keep your family safe.
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Your Personal Mortgage Advisor
Hello, I'm Phil Tracey, the founder of Peppercorn Finance. My expertise comes from a practical, real-world background rather than a traditional corporate path. For years, I've started, run, and managed the finances of businesses, giving me a robust, all-round knowledge of the financial industry. This hands-on experience became directly relevant when building my own property portfolio, where I encountered the same challenges many clients face and saw a clear need for a simpler, more transparent mortgage process.
That personal experience is the foundation of Peppercorn Finance. It drives my commitment to work harder for you, to anticipate the challenges, and to make your journey smoother. My philosophy is built on transparency and a personal touch, and I am dedicated to being the advisor I wish I’d had when I started.
I'm based in Shrewsbury but help clients all across the UK to achieve their property goals. I am fully CeMAP qualified and committed to finding the right solution for your unique circumstances.
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Straight Answers & Myth Busting
The mortgage industry is full of jargon and outdated advice. Here is the reality of the market right now.
Common Questions
Typically, lenders will offer up to 4.5 times your annual income, but this can stretch to 5 or even 5.5 times depending on your profession, deposit size, and overall affordability. The best way to know for sure is to let me run a 'soft search' Agreement in Principle (AIP) for you.
I am entirely transparent about fees. For many straightforward residential mortgages, I may not charge a fee as I am paid a procuration fee by the lender. For complex cases, adverse credit, or commercial finance, a broker fee may apply. This will always be discussed and agreed upon upfront before any work begins.
Once you submit your full application to me through your portal, I aim to have it lodged with the lender within 24 hours. From there, a mortgage offer usually takes between 2 to 4 weeks, depending on how quickly the lender can value the property.
Yes! While many high-street banks want 2 to 3 years of accounts, there are specialist lenders who will accept just 1 year of finalised accounts. I have strong relationships with these lenders and know exactly how to package your application.
Mortgage Myths Busted
False. You can absolutely buy a home with a 5% deposit. While a larger deposit unlocks better interest rates, a 5% deposit is perfectly acceptable for many first-time buyer mortgages.
Checking your own credit score through Experian or ClearScore leaves a 'soft footprint' which does not harm your score. In fact, checking it regularly is highly recommended.
Having a missed payment, default, or even a CCJ does not mean you cannot get a mortgage. There are 'specialist' lenders who look at your current situation rather than your past. The rates may be slightly higher, but you are not locked out of the market.
Your current bank only has access to their own products. As an independent broker, I have access to thousands of products across the whole market, which almost always results in a better deal.
Let's Discuss Your Options
Get in touch for a free, no-obligation chat about your mortgage needs.