The Limited Edition mortgages are available across Pepper Money’s range from Pepper 48 through to Pepper 24, including the Light versions of all the product categories.
Rates start at 7.20%, and the maximum LTV is 85%. All of the products include Free Valuations, and the Completion Fee is £1,495.
Paul Adams, Sales Director at Pepper Money, says:
“For those customers who have historic defaults, CCJs or secured missed payments, it can often take up to six years to recover their credit profile to a point where they could qualify for a mortgage from a mainstream lender. However, most fixed rates from specialist lenders are only available for either 2 or 5 years.
“The launch of our new Limited Edition 3-year fixed rates provides these customers with a new option to continue to repair their credit and achieve their objectives. We think it will be particularly attractive for customers who picked up a CCJ, defaulted, or had a secured missed payment around three years ago, and by choosing a 3-year fixed rate, this will take them to the time that these events would come off their credit file.”
