"We have become increasingly aware of borrowers who are being declined on credit score because of credit blips incurred 5 or 6 years ago."
The new range, which is available for purchases or remortgages up to 85% LTV, is suited to borrowers who may have been declined on credit score, but who haven’t had any CCJs or defaults in the past 48 months.
Products start from 2.40% at 70% LTV, rising to 2.68% at 75% LTV, 3.28% at 80% LTV and 3.53% at 85% LTV.
Rob Barnard, Sales Director of Pepper Homeloans, said: “We have become increasingly aware of borrowers who are being declined on credit score because of credit blips incurred 5 or 6 years ago. With rates starting from just 2.40%, these products represent an excellent opportunity for such borrowers to lock into today’s low rates.”
Jeremy Duncombe, Director at Legal & General Mortgage Club, added: “We’re delighted that Pepper has chosen to launch this exclusive mortgage deal via L&G Mortgage Club. This provides additional choice to our brokers, combined with the manual underwriting that Pepper offers.”
