Pepper Money has cut rates across its entire product range, with reductions of up to 40bps.

The biggest rate reduction is on Pepper36 Light up to 75% LTV, with a cut of 40bps to 5.64%.

Other notable changes include Pepper6 up to 80% LTV, which has been cut by 25bps on 2- and 5-year fixed rates. The lowest rate in Pepper’s range is now available from 5.34%.

Paul Adams, Sales Director at Pepper Money, says:“The economic backdrop may continue to be uncertain, but SWAP rates have actually fallen recently and, at Pepper Money, we’re pleased to be able to pass on the benefits of these reductions to you and your customers. 

“These rate cuts are part of our ongoing commitment to help brokers offer more certainty in uncertain times. Whether it’s through inclusive underwriting, individual affordability assessments or now even more competitive pricing, Pepper Money is here to support brokers in saying ‘yes’ to more customers. This isn’t just about rates – it’s about making specialist lending more accessible and helping more customers to secure the lending they deserve.”