Pepper cuts down rates on residential and buy-to-let ranges

Specialist lender, Pepper Homeloans, has cut interest rates across both its residential and buy-to-let mortgage ranges by up to 0.70%.

All five-year fixed rates are now included on near prime (NP) products for its residential range, along with two-year and 30-month fixed rates being reduced by up to 0.60% on non-conforming (NC) products.

For its buy-to-let range, all five-year fixed rates have been cut by up to 0.70%, while new two and five-year fixed rates have been introduced on NP products.

Sales Director of Pepper Homeloans, Rob Barnard, said: “The days when borrowers with an adverse credit record had to pay a hefty price premium on their mortgages are now long gone. With rates starting from just 2.28%, borrowers have a great choice of fixed and variable rates that represent fantastic value for money.”

“This market and these low rates represent a great opportunity for brokers to boost business volumes during the second half of the year. We’re happy to help any intermediary tap into this business stream and our BDMs are ready to answer any questions or queries they may have.”