Pepper Homeloans has cut interest rates on five-year fixed rate loans by up to 0.70 per cent across its residential and buy to let mortgage ranges.
Pepper has also introduced five-year fixed rates to its near prime loans.
All two-year and 30-month fixed rates have been reduced by up to 0.60 per cent on non-conforming products.
The lender has also introduced new two- and five-year fixed rates to its near prime range.
Pepper Homeloans sales director Rob Barnard says: “The days when borrowers with an adverse credit record had to pay a hefty price premium on their mortgages are now long gone.
“This market and these low rates represent a great opportunity for brokers to boost business volumes during the second half of the year.”
Pepper manually underwrites each case and does not use credit scoring. Brokers can submit DIPs and applications online.