Pepper cuts rates on over 100 mortgages by up to 0.75%

The largest rate cut is on the Pepper 24 two-year fixed rate at 75% LTV, which has been lowered by 0.75%, meaning that Pepper 24 Light with 75% LTV is now available from 3.50%.

Other notable reductions include the Pepper 60 remortgage range, which now starts from 2.40% on a two-year fixed rate up to 55% LTV and 2.80% on five-year fixed rate up to 65% LTV.

Across its buy-to-let range, the lender has released a Pepper 60 two-year fixed rate product at 75% and 80% LTV. This is available to individual applicants and limited companies with rates starting from 2.99%. The largest buy-to-let reduction is the Pepper 60 five-year fixed rate, which is now available at 3.13% up to 75% LTV.

In addition, Pepper Money has launched 30 new tracker rates, available from 2.40%.

Paul Adams, sales director at Pepper Money, said: “Our commitment to financial inclusion at Pepper Money means that we do everything in our power to make our mortgages as accessible as possible to as many customers as we can. So, we are pleased to be able to cut more than a hundred rates by up to 0.75%, making many of our mortgages even more affordable.

“We believe in giving customers greater choice. The launch of our tracker mortgage range consisting of 30 rates is ideal for those who do not want to be tied into a fixed rate. And, of course, all of our mortgages are supported by our award-winning service and commitment to individual underwriting without depending on credit scores.”