Lender's lowest rate now at 6.72%
Specialist lender Pepper Money has lowered the rates of more than 300 products across its residential and affordable home ownership product ranges.
The lowest rate now available is 6.72%, with the largest reductions made on the lender’s 85% loan-to-value (LTV) mortgages, supporting those with recent credit blips or adverse credit.
Some of the products that have had their rates cut were Pepper 12 DMP five-year fix, reduced by 35 basis points (bps); Pepper 36 three-year fix, reduced by 55bps; Pepper 18 two-year fix, reduced by 25bps; and Pepper 48 Light two-year fix, reduced by 29bps.
Pepper Money, which also reduced rates across its entire range a couple of months ago, made price cuts on its limited edition three-year fixes too.
“We’re delighted to be able to cut the rates on more than 300 mortgages, with a particular focus on those customers who have experienced credit problems or have smaller deposits,” said Paul Adams (pictured), sales director at Pepper Money.
“We have no LTV restrictions on capital raising when remortgaging, so brokers are able to consolidate existing debts up to 85%, where some of our biggest rate reductions are, and take advantage of our free legals offering or £350 cashback.
“Our recent affordability enhancements, combined with these reductions across our range of products, highlights the role we play in helping brokers to help customers fulfil their mortgage ambitions.”
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