Buy to Let

Pepper Homeloans launches two-year tracker at 1.99%

Paula John
Written By:
Paula John

Pepper Homeloans, part of the global Pepper Group, has slashed rates to offer a two-year tracker rate from 1.99% for residential and 2.49% for buy to let.

These market leading rates can be accessed through the company’s accredited panel of intermediaries, which includes:

• Brightstar Financial
• Residential Home Loans
• Connect Mortgage Club
• Platinum Options
• 3mc
• Complete FS
• Buy To Let Club
• AToM
• The Mortgage Trading Company
• The Mortgage Partnership
• Brilliant Solutions

Richard Klemmer, CEO of Pepper UK, said: “We are delighted to be able to bring new products to the market. We pride ourselves on our commitment to innovation and our customers. At 1.99%, we now have one of the most competitive residential rates on offer.”

Pepper UK was formerly known as Oakwood Global Finance LLP and provides a full range of asset management services to clients with loan portfolios across the UK.

Pepper Homeloans first piloted its near-prime, self-employed and buy-to-let range launch range back in December 2014, through Brightstar Financial and Mortgage Advice Bureau and officially launched in June 2015.

Pepper said research suggested there are 1.7m people who do not qualify for a mortgage because of their credit history and the criteria set by traditional lenders.