Pepper launches 2-year fixes via L&G

Ryan Bembridge

March 29, 2017

Pepper Homeloans has launched 2-year fixes from 2.40% exclusively with Legal & General Mortgage Club.

The mortgage range is designed for borrowers who may have been declined on credit score but who haven’t had any CCJs or defaults in the past 48 months.

Rob Barnard (pictured), sales director of Pepper Homeloans, said: “We have become increasingly aware of borrowers who are being declined on credit score because of credit blips incurred five or six years ago.

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“These products represent an excellent opportunity for such borrowers to lock into today’s low rates.”

Rates stand at 2.40% to 70% loan-to-value, 2.68% to 75% LTV, 3.28% to 80% LTV and 3.53% to 85% LTV.

After the two years they revert to LIBOR plus 3.50%, 3.65%, 3.90% and 4.15% respectively.

Products have a completion fee of £995.

Jeremy Duncombe, director at Legal & General Mortgage Club, said: “We’re delighted that Pepper has chosen to launch this exclusive mortgage deal via L&G Mortgage Club.

“This provides additional choice to our brokers, combined with the manual underwriting that Pepper offers.”

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