Aussie Home Loans has teamed up with financial services group Pepper Money to offer a new range of home loans designed to broaden the scope of lending.

Aussie Activate will be available to customers looking to enter the market who are self-employed and don’t have complete financial statements, have found it difficult to obtain credit, or have a non-standard income source.

Applications will be manually assessed and customers may have the option to borrow up to 95 per cent of a property’s value. 

At a glance:

• Aussie Home Loans has partnered with non-bank lending group Pepper Money to offer a new range of home loans.
• Pepper Money is a specialist lender offering home loans for prime and non-conforming borrowers who are employed on Pay As You Go (PAYG) or self-employed.
• The Aussie Activate home loans are designed to help more people enter the market.

David Smith, Aussie’s Chief Customer Officer, said Aussie Activate aimed to provide a genuine alternative to mainstream lenders and loans. 

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“In the current home loan market many lenders have tightened their lending criteria, resulting in some borrowers being locked out despite being able to service a home loan,” he said

“This launch really strengthens the diversity of our offering for brokers and customers alike, so no matter the customer’s situation or their requirements for a home loan, our brokers are well equipped to find them a suitable home loan option from one of our lender partners or white label range.”

The Aussie Activate home loan will also include options for offset sub-accounts and an Aussie-branded Visa Debit Card, with customers able to transact via a 24/7 online platform

Pepper Money’s Director of Sales and Distribution, Aaron Milburn said the company was proud to help more Australians achieve the dream of home ownership. 

“Aussie Activate will provide a home loan solution to many Australians, and Aussie’s network of brokers is well-placed to help customers into a home who might be finding it difficult to find credit elsewhere,” he said. 

Aussie Activate is available now through Aussie’s approximately 1,000 mortgage brokers across the country.

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