Pepper Money has reduced rates across its recently launched limited edition residential rates, with cuts of up to 0.95 per cent.
The lender has introduced more than 140 limited edition products with the biggest rate reductions aimed at customers with “recent adverse credit events and smaller deposits”.
The reductions also apply to its light range, which is available for customers with missed payments and defaults but no county court judgments.
The limited edition mortgages are available from 7.44 per cent for a five-year fixed rate in its Pepper 48 Light up to 75 per cent loan to value.
Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, we’re responding quickly to a fall in swap rates by improving our rates to ensure we provide an opportunity to customers facing challenges accessing mortgages.
“This limited edition delivers brokers the combination of certainty of a decision and speed of service, for which Pepper is so well respected, alongside new, lower rates.”
He continued: “Our human approach to decision-making without credit scoring will help customers who may have experienced financial difficulties and are having trouble finding options that meet their needs. Our broker partners can place an application knowing they’d be supported by our award-winning service.
“In the current climate, we understand why assessing documents and undertaking an underwriting assessment within 24 hours is so important. AVMs are also available for qualifying remortgage cases to support the enhanced processing speed.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
