The Australian near prime lender, which only launched into the UK market in June, will also offer buy-to-let products from 2.49% to 70% LTV.
Richard Klemmer, chief executive 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.”