Pepper Money has reduced rates across more than 300 products in its residential and Affordable Home Ownership product ranges.
The largest reductions were made on the specialist lender’s 85% loan-to-value (LTV) mortgages, which support those with recent credit blips or adverse credit.
Pepper Money also cut the price of its Limited Edition 3-year fixed rates, which provide support for customers in the final steps of repairing their credit.
The lowest rate now available is 6.72%.
Paul Adams (pictured), sales director at Pepper Money, said: “We’re delighted to be able to cut the rates on more than 300 mortgages, with a particular focus on those customers who have experienced credit problems or have smaller deposits.
“We have no LTV restrictions on capital raising when remortgaging, so brokers are able to consolidate existing debts up to 85%, where some of our biggest rate reductions are, and take advantage of our free legals offering of £350 cashback.”
He added: “Our recent affordability enhancements combined with these reductions across our range of products highlights the role we play in helping brokers to help customers fulfil their mortgage ambitions.”
