Specialist lender Pepper Homeloans has launched a residential mortgage offering with 30-month fixed rates.
The mortgages have a loan-to-value (LTV) of between 70 and 85 per cent, including:
- 2.93 per cent with a 70 per cent LTV
- 3.23 per cent with a 75 per cent LTV
- 3.63 per cent, with an 80 per cent LTV
- 3.78 per cent, with an 85 per cent LTV
Rob Barnard, sales director of Pepper Homeloans, said: “The combination of highly competitive fixed rates and a 30-month period makes this product particularly attractive at a time when there is growing speculation about a possible increase in interest rates next year.
“We don’t use credit scoring and all applications are individually assessed by a skilled underwriter.”
Pepper is also offering free legals on remortgages and a completion fee of £995.
Matthew Harris, IFA at Dalbeath Financial Planning, said: "I think Pepper Homeloans need to extend their offering into Scotland, where we are based. It's not scary up here."
