Our flexible approach could help buy your first home

You’ve saved your deposit, found a property and are ready to make yourself at home. It’s a big commitment with a lot of change. The good news is we’re here to help try and make the move to home ownership that bit easier.

We won’t hold that unpaid phone bill against you before you start climbing the property ladder. Our flexible approach to credit assessment means we’ll consider small credit issues when we assess your application. It’s just one of the ways we see the real you when the big banks might just see numbers. Talk to us about your situation and if we can find a way to help, we will.

Why Pepper Money?

We’re fast: Credit decision within 1 working day

We’re flexible: We’ll always try to give you options

We’re accessible: Talk through your situation with us

Gifted deposits accepted

Floating or fixed interest rates

60 day loan approval

We look beyond just your credit score

Get a quick response within 1 working day

Borrow up to 85%* of the property value

What credit score do I need to buy a home?

We don’t just look at the black and white boxes on your application. We make the effort to get to know the person behind the application and understand your personal circumstances. 

We ask the questions that matter and uncover the reasons behind any small credit issues on your credit report. This allows us to assess your application in-line with our responsible lending obligations and make an informed decision on your ability to repay your loan. What this means, is you could still apply for a Link Home Loan even with a less-than-perfect credit history.

How much deposit do I need to buy my first property?

Saving your deposit is often the hardest part of buying your first property. But the good news is that we may be able to help after you’ve saved your 20% deposit. You’ll also need some funds in reserve for conveyancing and legal fees – and don’t forget about any new furniture or decor you’ll want to buy!

We may also be able to help if you’ve recently been gifted all or part of your deposit; for example, if it’s through inheritance, or a very generous family member.

Any loan applications are subject to the Link Home Loan team completing responsible lending checks and considering your/every customers individual circumstances.

Your Loan, Your Rate

Discover our flexible approach to home loans. We look at a range of factors (including your financial situation, credit history and property)  to provide eligible borrowers with an interest rate estimate. Talk to a lending specialist to find out where you stand.

Learn more about our first home buyer home loan

The choice is yours

Choose a floating rate or fix your loan for 2 or 3 years. Or split your loan up to 4 ways and choose a mix of fixed and floating rates.

20% deposit

Apply for your home loan with us once you’ve saved a 20% deposit, plus funds for the extras – such as legal and conveyancing fees.

Non-metro lending

From North to South, we’re here to help – even if your first home is outside of a major regional area.

Don’t forget to read this bit…

Information and interest rates are correct as at 19 October 2023 and subject to change at any time. Offers and promotions may be continued, withdrawn, or changed at any time without notice.

* Offer applies to ‘New Build’ Prime, Near Prime and Specialist Full Doc home loan applications with LVR >80-85%. Available for Metro security locations only. A New Build is a property where the borrower has made a financial and legal commitment to buy in the form of a purchase contract with the builder, prior to the property being built or at an early stage in construction. This could be traditional ‘construction lending’ where the loan is disbursed in staged payments, or it could be a loan to finance the purchase of a property, which will be settled (in one payment) once the build is complete Or a newly-built entire dwelling completed less than six months before the mortgage application. The dwelling must be purchased from the original developer (the contract to buy at completion can be agreed while the building is still being constructed).

Information provided on this website is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require tax or financial advice, contact a tax adviser or get in touch with one of our licenced financial advisers..

All applications are subject to credit assessment, loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply. The actual interest rate will depend on the borrower’s circumstances and the information verified during the loan application assessment.