Pepper Money has launched a range of Help to Buy products as part of its affordable home ownership proposition.

The lender will now offer Help to Buy options on its Pepper 48, Pepper 36 and Pepper 24 product tiers, opening this scheme up to first-time buyers with impaired credit records. 

A range of rates are available including a five-year fixed rate starting from 4.15 per cent. 

The Help to Buy scheme enables customers with a 5 per cent deposit to borrow an additional 20 per cent in equity loan, or 40 per cent in London.

This launch builds on Pepper Money’s affordable home ownership proposition which has recently included a Shared Ownership pilot.

Pepper Money sales director Paul Adams says: “At Pepper Money, we have a clear purpose to promote greater financial inclusion to a more diverse range of customers.

“As with all of our mortgages,  this Help to Buy range will be supported by expert underwriters who take an individual approach to assessing every application. This means that we can provide the opportunity of home ownership to self-employed customers, contractors, people with adverse credit and those who might fail an automated credit score.”