Across the Pepper 60 range, for those who have not had a default or county court judgment (CCJ) in the last 60 months but may have missed a payment in the last year, rates now begin from 2.9 per cent for a two or five-year fix at 70 per cent loan to value (LTV).
On Pepper 48 Light, for those who have had no defaults within the last 48 months and no CCJs at all, rates start at three per cent for a two or five-year fixed mortgage at 70 per cent LTV with a £795 fee. On Pepper 48, for those who have not had a CCJ or default in the last 48 months, rates begin at 3.05 per cent.
The range offers fee-free options and a £395 fee paying route, which both come with a free valuation and £500 cashback. Products in the range with a £795 fee have £500 cashback. The products go up to 85 per cent LTV.
Paul Adams (pictured), sales director at Pepper Money, said: “Our Pepper 60 and Pepper 48 mortgages have been developed to help customers who just miss out on a high street mortgage.
“This is often because of a low credit score but can include other factors too such as complex incomes or level of current debt compared to level of income. There are many circumstances in which Pepper Money can help almost prime customers.”