Pepper Money has released a revamped range of products in line with the launch of its online portal.
Changes to products include a restructured residential and buy-to-let product, as well as a reduction of completion fees by £100 across the entire residential range.
Pepper Money has also launched a limited edition buy-to-let 3.49% 5-year fixed rate mortgage, known as ‘Pepper 24’.
Rob Barnard (pictured), director of sales at Pepper Money, said: “These changes have all been made with the explicit aim of making it quick and easy for brokers to select and submit mortgage applications to Pepper.
“The restructured product ranges now put the emphasis on criteria – Pepper 24, for example, accommodates borrowers who have had no CCJs or defaults in the past 24 months.”
The online portal has been designed for intermediaries to select, submit and track mortgage applications online, with applications and supporting documentation able to be submitted 24/7.
The portal can generate necessary paperwork and applications previously submitted via the new portal can be copied rather than having to be re-keyed.
Barnard added: “We have consulted closely with brokers and distributors and I’m sure they will welcome these changes.
“Some things haven’t changed, however all applications will be manually underwritten by our underwriters and brokers will be assured of a fast and efficient service.”