Pepper 60: Ideal for those with a near perfect credit profile, ready to remortgage
According to the ONS, UK house prices have risen at the fastest rate since 2004, increasing many homeowners’ equity within their existing property. Plus, research company CACI recently reported that October 2021 is the biggest month of the year for remortgage maturities, with £38.9bn up for renewal!
So, if you have customers looking to remortgage, they can now take advantage of the new Pepper 60 remortgage range and secure a better rate. The range is available on Pepper Money’s lowest ever rate of 1.98% on a 2-Year Fixed Rate, up to 55% LTV. A 5-Year Fixed Rate is available from 2.80%, up to 65% LTV.
With an increase in customers failing mainstream credit scores as we come out of the pandemic, this product offers further support to those who haven’t had a secured missed payment, CCJ, or Default in 60 months or an unsecured missed payment in the last 12 months. For self-employed customers to be eligible they must have a minimum of 3 years’ trading.
What’s more, Pepper Money have introduced Automated Valuations to help boost turnaround times from application to offer on Residential remortgages, where the LTV and loan size allow. Brokers and their customers have already seen the impact of AVMs, with one case having successfully progressed an application to offer in just 24 hours.
To find out more, click here.
Here’s why your next remortgage could be better with Pepper:
- New Pepper 60 range which includes Pepper’s lowest ever rate
- Capital raising for any legal purpose including debt consolidation
- No credit scoring or auto-cascading – the product you see is what you get
- AVMs now available at no cost to your customers where the LTV and loan size allow
- Direct access to your Case Owner with clear, timely communication, and best-in-class support
Have a question?
Find your local BDM and ask any questions you may have about Pepper Money’s product range now.
To find your BDM, click here.