The specialist lender has also lifted the caps on CCJs and defaults so there is no ceiling on either volume or value.

Both these changes, it said, would apply across its entire range.

Paul Adams (pictured), sales director at Pepper Money, said: “2020 has been a challenging year for everyone, but at Pepper Money, we remain committed to supporting brokers and their customers throughout this difficult period.

“Our team has been working tirelessly on improvements to enhance our service offering and product proposition, truly showing our commitment to those who are unable to obtain a mortgage on the high street.”

Pepper said it would be introducing more product ‘enhancements’ over the coming weeks and months.

Adams added: “This latest enhancement means that we can take a more flexible approach to lending for customers who have recent incidents of adverse credit.

“We are proud to be able to offer a solution to a growing number of customers who do not fit the restrictive mould of the high street credit scoring model.”