"Adverse credit records remain on file for 72 months, despite the fact that borrowers may have conducted their finances in an exemplary fashion in recent years."
Pepper’s new NP range includes two-year and 30-month fixed rates starting from 2.28% and includes a new product aimed at marginal high street credit score fails, accomodating applicants with no CCJs/defaults in the last 48 months.
Its existing range starts from 2.37% and offers a choice of fixes over periods of 30-months, two, three and five years, as well as two-year discounted trackers up to 85% LTV.
Rob Barnard, Sales Director of Pepper Homeloans, said: “Adverse credit records remain on file for 72 months, despite the fact that borrowers may have conducted their finances in an exemplary fashion in recent years.
“Our NP range means that such borrowers now have access to competitively priced mortgage finance and can benefit from rates starting from just 2.28%."