The lender has also introduced new two- and five-year fixed rates for its near prime range.
Rob Barnard, sales director of Pepper Homeloans, said: “The days when borrowers with an adverse credit record had to pay a hefty price premium on their mortgages are now long gone. With rates starting from just 2.28%, borrowers have a great choice of fixed and variable rates that represent fantastic value for money.
“This market and these low rates represent a great opportunity for brokers to boost business volumes during the second half of the year. We’re happy to help any intermediary tap into this business stream and our BDMs are ready to answer any questions or queries they may have.”
Five-year residential fixed-rates have also been reduced by up to 0.70%, while two-year and 30-month fixed rates have been reduced by up to 0.60% on non-conforming products.