Pepper (UK) Limited, part of the Pepper Group, a global financial services business, today formally launched its specialist range of mortgage products after a successful trial with Brightstar Financial, Residential Home Loans and Connect Mortgage Club.
The residential and buy-to-let UK lender has launched near prime tracker rates from 3.35% and non-conforming residential tracker rates from 4.27%.
Pepper has also added Platinum Options Limited and 3MC to its growing panel of intermediary partners.
Research suggested there are 1.7m people who do not qualify for a mortgage because of their credit history and the criteria set by traditional lenders.
Near prime buy to let tracker rates start from 3.90% and non-conforming buy-to-let tracker rates start from 4.55%.
Pepper UK is part of the Pepper Group, which currently has £20bn of assets under management globally, £8.5bn of which is in the UK.
The Group has been in the specialist mortgage industry for over a decade, with established businesses and solid experience across five international markets.