Here is the latest update from Pepper Money. You can access Pepper Money products through our direct to lender mortgage club and get the benefits of payment on completion. You can also use our Fees Free Mortgage Packager.
Pepper 48 is Back
We will be implementing a product update overnight on Tuesday 11 April.
All Decision in Principles for our current range must be submitted to “DIP Illustration Produced” status, with their chosen product selected, by 5pm on Tuesday 11th April. All Full Mortgage Applications for our current product range must be fully submitted, with upfront fees paid, by midnight on Thursday 13th April.
What’s changing:
- Introducing Pepper 48 and Pepper 48 Lights products including 3 year fixed term
- Free valuations and zero fee options now available
- Cashback offering on Remortgage products only
- 5-year fixed Low ERC (3%, 2%, 1%, 0.5%, 0.5%)
Why now?
In addition to our recent rate reductions, our latest enhancements reflect our growing appetite to increase our lending over the coming months. We have reintroduced Pepper 48 product range to strengthen our position and increase business volumes. These new changes complement the recent launch of our £350 fee-assisted cash back offer for remortgages and the launch of a retention range with free legals option. With growing confidence in the funding markets, our reduced rates could help an even greater number of customers achieve their goals.
We will continue to monitor market movements and make the relevant proposition changes to best meet the needs of our customers and investors, whilst reacting to any movements by our competitors. We are committed to offering financially inclusive products and criteria, all of which are underpinned by our dependable award-winning service.
When will we communicate these changes?
Withdrawal communications will be sent at 9:30am on Thursday 6th April, followed by launch communications on Wednesday 12th April at 10am.