It also adds free valuations to its Retention range
Specialist lender Pepper Money has adjusted its product pricing due to the recent uptick in swap rates.
The lender has raised the rates for all its products by 0.25%, notifying brokers 48 hours before the withdrawal of its existing prices.
Alongside changes to product rates, Pepper Money has introduced free valuations for its Retention range, which complements its product transfer offerings, to support customers whose mortgage deals have concluded, offering them the chance to secure a new rate or adjust their current mortgage arrangements, including extending their mortgage term or borrowing additional funds.
“SWAP rates have been rising in recent weeks, and we have held off responding to these changes for as long as possible, but it’s now necessary to increase rates across our range,” said Paul Adams (pictured), sales director at Pepper Money.
“We have made sure to give brokers a full 48 hours’ notice ahead of the withdrawal of our previous rates so that they are best placed to offer customers with certainty. And, while our rates have changed, our inclusive criteria and excellent service remain.
“Our award-winning proposition empowers brokers to help customers with a range of circumstances, including recent credit blips, a DMP as recent as 12 months ago, or defaults and CCJs registered as recently as six months ago.”
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