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TODAY'S OTHER NEWS

Lender launches product range for borrowers with credit 'blips'

Pepper Homeloans has announced the launch of a range of five-year fixed rate products for borrowers with blots on their credit rating. 

The residential mortgage products will incorporate rates starting at 4.13% available up to 85% LTV.

As part of the range, Pepper is also offering free legals on remortgages and a fixed fee of £1,495 on all loans.

Jeff Knight, Pepper Homeloans' head of marketing, says the range has been launched due to research suggesting that brokers are being contacted more by clients with less than favourable credit ratings.

"We believe these five-year fixed rates are uniquely positioned in the market. The rates are the same rates as our equivalent two-year fixes and the reducing ERCs provide greater flexibility for the borrower,” he says.

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