Pepper cuts mortgage rates and relaunches mid-free products

Pepper Money has announced reductions across its five-year fixed rate mortgage products and reintroduced mid-fee options.

The specialist lender has reduced rates by 0.10% on five-year fixes across its Pepper 48, 24, 18, 12, and 6 product categories.

Pepper has also reintroduced mid-fee products for residential two and five-year terms, featuring a £795 fee and free valuation.

In addition, Pepper has introduced three-year fixed rate products to its DMP range.

The enhancements mean that, in total, Pepper is introducing 96 new options for customers and has reduced rates on a further 106 products.

Paul Adams, sales director at Pepper Money, said: “At Pepper Money, we have a reputation for providing outstanding service, consistently delivering speed and certainty to brokers and their customers when they need it most. This is particularly important for customers who’ve already been let down by another lender, perhaps because they previously missed credit payments, are self-employed, or need a lender with the expertise to assess multiple sources of income.

“We always strive to make our products as competitive as possible and we’re delighted to be able to introduce this lower pricing on mortgages across various product tiers.

“In addition, we’ve reintroduced our mid-fee products, which enhance the variety available to our customers – providing them with an even greater choice of options alongside our long-standing reputation for service and certainty.”