understanding financial jargon
Personal equity plans ( PEPs ) were tax-free investment schemes, so a mortgage linked to such a scheme had the effect of providing a tax-efficient investment vehicle to repay the capital on maturity. PEPs are no longer available and have been replaced by Individual Savings Accounts ( ISAs ), so a PEP mortgage is no longer available to new customers.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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