Pepper adds 75% LTV residential remortgage to limited edition range

Pepper Money has launched a new limited edition residential remortgage product within its Pepper 48 range, introducing a 75% LTV two-year fix which is 0.30% lower compared to its current equivalent offering.

Starting from 5.09% up to 75% LTV, the new product is aimed at remortgage customers whose circumstances place them just outside traditional high street lending appetite, including those with credit blips or more complex financial profiles.

The limited edition is available with a choice of fee options of £0, £795 or £1,495, enabling advisers to tailor pricing to individual customer priorities. Customers can also select either free legals or £350 cashback, helping to manage upfront remortgage costs.

The product also supports capital raising, allowing customers to consolidate unsecured borrowing or release funds for home improvements where appropriate. 

Supporting a growing cohort of just-off-high-street borrowers

According to UK Finance, 1.8 million fixed rate mortgages are due to mature in 2026, creating one of the largest refinance cycles in recent years. Many of these customers will be transitioning from historically low rates secured during the ultra-low interest environment.

Pepper Money’s Specialist Lending Study 2025 highlights the scale of customers who may require a more flexible approach to refinancing. The research found that 16.6 million people, representing 30% of UK adults, have experienced adverse credit at some point in their lives with majority being missed credit payments. This is up from 15.3 million the previous year 

As refinance volumes build in 2026, a significant proportion of customers coming to the end of fixed rates may no longer fit neatly within high street credit models. The Pepper 48 range is designed to support customers with missed payments, historic adverse credit or more complex financial backgrounds, enabling brokers to take a more considered view of affordability.

Paul Adams, sales director at Pepper Money, said: “2026 represents one of the most significant remortgage years in recent memory. With 1.8 million fixed rates maturing, brokers have a vital role in helping customers assess their options carefully rather than defaulting to the most convenient route.

“Our new residential remortgage limited edition delivers sharper pricing within Pepper 48, alongside flexible fee choices and cost support through free legals or cashback. This gives advisers a strong solution for customers who may not meet mainstream criteria, especially when combined with our human underwriting approach and certainty of lending decisions.”