Pepper Money has launched a residential affordability calculator to help brokers work out how much their clients can borrow when they have complex income patterns.

The move follows the launch of Pepper’s buy-to-let affordability calculator last month for both individual landlords and those borrowing through a limited company.

Pepper says its new residential calculator is able to provide an accurate projection of the amount a client can borrow, even if they are self-employed, contractors or have multiple income sources.

Pepper sales director Paul Adams says: “A growing number of people are earning bonuses and overtime, multiple income sources or working on a contractor or self-employed basis. 

“This can make it more difficult for brokers to understand how much their clients wanted to borrow, so we have made the process much easier with the launch of our simple online calculator.

“By entering just a few details, brokers can quickly get accurate information about how much their clients are able to borrow across our range of products.

“And this means that brokers can provide clients with more clarity and more certainty.”