New products are available across the lender's product range, with rates from 7.20%
Specialist lender Pepper Money has launched a limited edition range of three-year fixed rate mortgages designed for customers in their final phase of credit repair before potentially refinancing to a mainstream lender.
The lender has made the limited edition mortgages available across its product range from Pepper 48 through to Pepper 24, including the light versions of all the product categories.
Rates start at 7.20%, with the maximum LTV at 85%. The products include free valuations and come with a completion fee of £1,495.
“For those customers who have historic defaults, CCJs or secured missed payments, it can often take up to six years to recover their credit profile to a point where they could qualify for a mortgage from a mainstream lender,” said Paul Adams (pictured), sales director at Pepper Money. “However, most fixed rates from specialist lenders are only available for either two or five years.
“The launch of our new limited edition three-year fixed rates provides these customers with a new option to continue to repair their credit and achieve their objectives. We think it will be particularly attractive for customers who picked up a CCJ, defaulted, or had a secured missed payment around three years ago, and by choosing a three-year fixed rate, this will take them to the time that these events would come off their credit file.”
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