Tuesday, July 23, 2024

Pepper Money reduces five-year fixed rates and introduces mid-fee options

Pepper Money Cuts Five-Year Fixed Rates and Introduces Mid-Fee Products

Are you in the market for a new mortgage or looking to refinance your current one? If so, you’ll want to pay attention to the latest news from specialist lender Pepper Money. They have just announced some exciting changes that could benefit you as a borrower.

One of the most significant updates from Pepper Money is the reduction in five-year fixed rates across several of their product categories. This means that you could potentially lock in a lower rate for a longer period, providing you with more stability and predictability in your monthly payments.

Additionally, Pepper Money has reintroduced their mid-fee products, giving you more options when it comes to choosing the right mortgage for your needs. These products come with a £795 fee and a free valuation, making them a competitive choice for borrowers looking for a balance between cost and features.

In total, Pepper Money has introduced 96 new options for customers and lowered rates on a further 106 products. This means that there is a wider range of choices available to you, allowing you to find a mortgage that fits your unique financial situation.

Paul Adams, sales director at Pepper Money, emphasized the importance of providing outstanding service and competitive pricing to customers. He highlighted the lender’s expertise in working with customers who may have been turned down by other lenders due to factors like missed credit payments or self-employment.

These changes from Pepper Money come on the heels of other recent updates, such as making their second charge application journey paperless, widening self-employed criteria for second charges, and introducing e-signatures. These innovations demonstrate Pepper Money’s commitment to providing a seamless and efficient borrowing experience for their customers.

If you’re in the market for a mortgage or considering refinancing, now may be a great time to explore the options available from Pepper Money. With their competitive rates, diverse product offerings, and focus on customer service, you could find the perfect mortgage solution to meet your needs.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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