Borrowers have the alternative of a flat fee of £995 or £1,295 for debt management plan products.
The lender has repriced rates across both its residential and buy-to-let deals by up to 0.2 per cent.
Alongside the rate cuts Pepper has cut the cost of valuation fees, in some cases by as much as £200.
Paul Adams, sales director at Pepper Money (pictured), said that the latest changes delivered greater choice and more simplicity.
He suggested the zero completion fee option would be “ideal for clients who want to borrow up to the maximum loan to value and would have otherwise had to add the fee to the loan”.