Pepper Money cuts rates by up to 1.04%
08 April 2021
Pepper Money has made significant price reductions across its Residential mortgage range, with over 50 rates cut by as much as 1.04% and more options for customers who may have experienced a financial blip as recently as 6 months ago.
The biggest reduction is on the Pepper 24 5-year fixed rate up to 80% LTV, which is available to customers who may have experienced defaults, secured missed payments or CCJs in the last 24 months. Here the rate is now 4.30%, which is down from 5.34%.
Other notable reductions include the Pepper 24 Light 5-year fixed rate, for customers who may have experienced defaults, missed payments and arrears in the last 24 months, but never have had a CCJ. The rate on this product has been cut by 0.94% to 4.25%.
There are many other significant price reductions on Pepper Money’s 5-year fixed rates, including:
- Pepper 18 up to 75% LTV cut by 0.90% to 4.80%
- Pepper 12 up to 75% LTV cut by 0.85% to 5.40%
- Pepper 18 Light up to 75% LTV cut by 0.85% to 4.75%
The biggest reductions on Pepper Money’s 2-year fixed rates include:
- Pepper 12 up to 75% LTV cut by 0.75% to 5.40%
- Pepper 12 Light up to 75% LTV cut by 0.70% to 5.35%
- Pepper 18 up to 75% LTV cut by 0.65% to 4.80Pepper Money’s Residential range includes options for free valuations and zero fees, and full details are available at pepper.money.
Paul Adams Sales Director at Pepper Money, says:
“At Pepper Money, we have remained committed to supporting advisers and customers throughout the pandemic, continuing to provide mortgages for a diverse range of circumstances and needs. Our products & criteria are underpinned by efficient, transparent underwriting and up to date service levels.
“As confidence has grown in the UK mortgage market, we are now in a position where we are able to provide many of those mortgages at even lower rates, and so we are passing these savings on to customers with one of the largest product revamps in Pepper Money’s history.”
