Pepper Money has made its biggest rate reduction so far this year, with rates reduced by up to 0.95%.

These new rates will be available on their new range of Limited Edition residential products.

The lender has introduced over 140 Limited Edition products with the largest rate reductions aimed at customers with recent adverse credit events and smaller deposits.

Brokers have a broad variety to choose from across its Pepper 48 through to Pepper 6 range.

The reductions also include its Light range, which is available for customers who have missed payments and Defaults, but no CCJs.

Pepper Money’s new Limited Edition mortgages are available from 7.44% for a 5-year Fixed Rate on Pepper 48 Light up to 75% LTV.

Pepper Money sales director Paul Adams comments: “At Pepper Money, we’re responding quickly to a fall in Swap rates by improving our rates to ensure we provide an opportunity to customers facing challenges accessing mortgages”.