Pepper Money has launched its lowest rate mortgage products for clients who haven’t had a CCJ or default against their name in the past 48 or 36 months.
Residential rates to 65% LTV start at 2.17% for a 2-year fixed rate and 2.97% for a 5-year fixed rate on Pepper 48.
For buy-to-let investors on Pepper 48, rates start at 2.73% for a 2-year fixed rate up to 65% LTV and 3.18% for a 5-year fixed rate up to 60% LTV.
Rob Barnard, sales director of Pepper Money, said: “At Pepper, we think that specialist is becoming the new mainstream and our new lowest ever fixed rates demonstrate that a failed credit score doesn’t have to mean an expensive mortgage.
“We review each case on its own merits and don’t use credit scores to determine pricing, so you can be sure that, assuming all details are correct, the rate you recommend to your client is the rate they will be offered.
“With rates now available from 2.17%, there has never been a more transparent and affordable solution for your interesting cases.”
Residential products on Pepper 36 stand at 2.23% for a 2-year fix and 3.07% for a 5-year fix to 65% LTV.
Buy-to-let rates on Pepper 36 cost 2.78% to 65% LTV and 3.28% to 60% LTV.
Pepper has also reduced existing 2-year fixed rates on Pepper 48, with rates up to 70% LTV cut from 2.37% to 2.27% and up to 75% LTV cut from 2.48% to 2.37%.