"The total amount payable over the duration of a fixed rate period is often the most important consideration for brokers when choosing a specialist lender."
The limited edition mortgages are available on the Pepper 48 and Pepper 48 light residential range for purchase and remortgage. This range is suitable for customers who haven’t had a CCJ or default in the last 48 months.
The mortgages feature a £500 cashback to help pay towards legal costs and reduced completion fees across the range of two and five-year fixed rates. Fees on the two-year fixed rates have been reduced from £1,295 and £995 to £795, whilst the fee on the five-year fixed rates have been cut from £995 to £795.
Rates start at 3.30% for a two-year fixed rate up to 75% LTV on Pepper 48 Light, with five-year fixed rates starting at 3.55%.
Paul Adams, sales director at Pepper Money, said: “At Pepper Money, we are continually working with brokers on ways to improve our proposition. One insight to come from this is that the total amount payable over the duration of a fixed rate period is often the most important consideration for brokers when choosing a specialist lender. This limited edition product addresses that point, with lower fees and £500 cashback reducing the total amount payable over the fixed rate period on our Pepper 48 and Pepper 48 Light mortgages. We are confident that this range will help more brokers to help more customers succeed with Pepper.”
