Pepper Money has launched a summer special product on its Pepper48 residential mortgage tier, cutting rates by 0.20% compared to its main range.
The offer is available as a 5-year fixed product at 75% loan-to-value (LTV), with rates starting at 5.14%.
Customers can choose between free legals, free valuation or no completion fee.
The Pepper48 product is aimed at borrowers who do not fit the standard credit scoring criteria used by high street lenders and is available for both purchases and remortgages.
Paul Adams, sales director at Pepper Money, said: “We know brokers are always looking for more ways to offer value to their customers, and this summer our pricing changes provide both stability and value.
“Our refreshed five-year fixed rate is designed to support customers who may not tick every high street box but are financially responsible and ready to take their next step.
“Just because a person has complex income sources such as multiple jobs, self-employment, or a history of financial challenges, it doesn’t mean they should be excluded from entering the housing market or refinancing, especially when they have demonstrated a sustained period of financial stability.”
Adams added: “With demand for longer-term fixes continuing to rise, this is a great opportunity for brokers to offer something different to their customers, while also benefiting from Pepper’s high-quality service.”
