Pepper launches 30-month fix

The limited edition product offers 30-month fixed rates of 2.93% for up to 70% loan-to-value (LTV), 3.23% to 75% LTV, 3.63% to 80% LTV and 3.78% to 85% LTV.

The mortgage is available for new buyers and remortgagers with no county court judgments or missed payments during the past 24 months and no arrears during the past six months. It comes with free legal services on remortgages and a completion fee of £995.

Rob Barnard (pictured), sales director of Pepper Homeloans, said: “The combination of highly competitive fixed rates and a 30-month period makes this product particularly attractive at a time when there is growing speculation about a possible increase in interest rates next year.”

He added: “We don’t use credit scoring and all applications are individually assessed by a skilled underwriter.”