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Pepper reduces fixed rates and adds to tracker range

by: Samantha Downes
  • 01/02/2022
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Pepper reduces fixed rates and adds to tracker range
Pepper Money has reduced rates on over 100 fixed rate mortgages and launched 30 new tracker rates.

 

The Pepper 24 Light two-year fixed rate at 75 per cent loan to value (LTV) has been lowered by 0.75 per cent to 3.5 per cent.

The Pepper 60 remortgage range will start from 2.4 per cent on a two-year fixed rate  up to 55 per cent LTV and 2.8 per cent on a five-year fixed rate of up to 65 per cent LTV.

Pepper Money has added to its buy-to-let range with the release of a Pepper 60 two-year fixed rate product at 75 per cent and 80 per cent LTV.

The loan is available to both individual applicants and limited companies with rates starting from 2.99 per cent.

The largest buy to let reduction is the Pepper 60 five-year fixed rate, which now has a rate of 3.13 per cent available up to 75 per cent LTV.

Pepper Money has also launched 30 new tracker rates, available from 2.4 per cent.

Paul Adams, sales director at Pepper Money, said the lender was committed to financial inclusion and would do everything in its power to make mortgages as accessible as possible to as many customers as it could.

He said: “We are pleased to be able to cut more than a hundred rates by up to 0.75 per cent , 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.”

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