Pepper Money cuts rates and abolishes fees

Pepper Money has reduced rates and removed fees across all of its product ranges.

The lender now offers a no completion fee option across its residential range, with an alternative flat fee of £995, or £1,295 for DMP offers.

In addition, Pepper Money has cut rates on both its residential and buy-to-let products; the most notable reduction being within the lender’s ‘Pepper 24’ range, in which the 70 per cent LTV five-year fix has been cut from 3.97 per cent to 3.77 per cent.

This offer includes a £995 completion fee, and a tiered ERC system which is set at 4 per cent for the first two years, dropping to 3 per cent for the following two, and 2 per cent in the final year.

Pepper Money sales director Paul Adams comments: “Our new product range provides brokers with new set of tools to help place clients [who are] often over-looked by mainstream lenders.”

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