Specialist lender Pepper Homeloans has enhanced its entire range of residential mortgage products. It's done so by slashing most of its existing rates and introducing new 30-month, 3-year and 5-year fixed rate deals to the range.
The new range features a number of significant changes. The majority of existing 2-year fixed rates, for example, have been cut by up to 0.25%, while new 3 and 5-year fixed rates have been added across all residential products. Meanwhile, 3-year fixes start from 3.18% and 5-year fixes start from 3.53%.
There are also limited edition 30-month fixes, previously only available on NP2 products, which are now available across the entire residential range. Rates start from 2.93%.
“These enhancements not only extend the range of mortgage products we have available, but it also means they are amongst the most competitively priced in their sector,” said Rob Barnard, Sales Director of Pepper Homeloans.
He added: “Our residential range offers loans up to 85% LTV for borrowers who may have been declined by a high street lender’s credit score. We have mortgages for borrowers with historical credit blips, or an immature credit record, or who have been self-employed for just one year.”
All Pepper Homeloans applications are individually assessed by an underwriter. The lender doesn't use credit scoring as part of its assessment.