Pepper Money cuts rates on more than 100 mortgages

01 February 2022

Pepper Money has reduced rates on more than 100 fixed rate mortgages and launched 30 new tracker rates.

The largest rate cut is on the Pepper 24 2-year fixed rate with 75% LTV, which has been lowered by 0.75%, meaning that Pepper 24 Light with 75% LTV is now available from 3.50%.

Other notable reductions include the Pepper 60 remortgage range, now starts from 2.40% on 2-year fixed rate, up to 55% LTV and 2.80% on 5-year fixed rate up to 65% LTV.

In Buy to Let, Pepper Money has released a Pepper 60 2-year fixed rate product up to 75% and 80% LTV. This is available to individual applicants and limited companies with rates starting from 2.99%. The largest Buy to Let reduction is the Pepper 60 5-year fixed rate, which is now just 3.13% up to 75% LTV.

In addition, Pepper Money has launched 30 new tracker rates, available from 2.40%.

Paul Adams, Sales Director at Pepper Money, says:

“Our commitment to financial inclusion at Pepper Money means that we do everything in our power to make our mortgages as accessible as possible to as many customers as we can. So, we are pleased to be able to cut more than a hundred rates by up to 0.75%, making many of our mortgages even more affordable.

“We believe in giving customers greater choice. The launch of our tracker mortgage range consisting of 30 rates is ideal for those who do not want to be tied into a fixed rate. And, of course, all of our mortgages are supported by our award-winning service and commitment to individual underwriting without depending on credit scores.”