The products are available in its Pepper 48 and Pepper 48 light residential range for purchase and remortgage. To be eligible, borrowers should not have a county court judgement or default in the last 48 months.
It comes on both two and five-year fixed rate terms with £500 cashback, which the lender said could help pay legal costs.
The products also have lower completion fees, with two and five-year fixed rates reduced to £795, which compares to £1,295 and £995 for two-year fixed rates and £995 for five-year fixed rates.
The two-year fixed rate up to 75 per cent LTV in Pepper 48 light starts from 3.3 per cent, whilst five-year fixed rates start from 3.55 per cent.
Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, we are continually working with brokers on ways to improve our proposition. One insight to come from this is that the total amount payable over the duration of a fixed rate period is often the most important consideration for brokers when choosing a specialist lender.
“This limited edition product addresses that point, with lower fees and £500 cashback reducing the total amount payable over the fixed rate period on our Pepper 48 and Pepper 48 Light mortgages. We are confident that this range will help more brokers to help more customers succeed with Pepper.”
