"The rates are the same rates as our equivalent two-year fixes and the reducing ERCs provide greater flexibility for the borrower."
Rates start from 4.13% up to 85% LTV and come with a £1,495 and free legals on remortgages.
The products come with tapered ERCs of 3%, 2% and 1% in years 1 to 3 and 0.5% in years 4 & 5.
Jeff Knight, Head of Marketing at Pepper, said: “We believe these five-year fixed rates are uniquely positioned in the market. The rates are the same rates as our equivalent two-year fixes and the reducing ERCs provide greater flexibility for the borrower.
“These additions to our product range will provide greater choice to borrowers at a time when, according to our research, intermediaries are experiencing an increase in enquiries from clients with previous blips on their credit ratings.”
