"We think it will prove particularly popular on buy-to-let, where the standard completion fee would ordinarily be 1% of the balance."
Pepper Money has launched limited edition residential and buy-to-let products with no completion fee for those who haven’t had a CCJ or default in the last 36 or 48 months.
Residential two-year fixed rates are available from 2.88%, with five-year fixed rates from 3.53% and LTVs available up to 85%.
On buy-to-let, the product is available on two-year fixed rates from 3.18% up to 80% LTV.
Pepper Money’s usual completion fee on these products would be £945 on residential mortgages and 1% on buy-to-let.
Rob Barnard, sales director at Pepper Money, said: “We are always looking for ways to deliver competitive solutions to interesting cases and this Limited Edition is the latest example of us identifying an opportunity for brokers to provide their clients with a better deal. We think it will prove particularly popular on buy-to-let, where the standard completion fee would ordinarily be 1% of the balance.
“The launch of our zero completion fee limited edition comes hot on the heels of a number of improvements we have made to our DMP range and we will continue to review and refine our proposition to ensure we become brokers’ go-to choice for specialist lending.”