Pepper Money has issued a series of 85 per cent LTV mortgages, available to potential borrowers with blips on their credit records.

The products run across its Pepper 48, Pepper 36, and Pepper Light ranges and include 30-month fixed rate products starting from 4.59 per cent and five-year fixes starting from 4.54 per cent.

Free valuations and zero fees have been added to a number of the lender’s five-year fixes, the lender adds.

Pepper Money sales director Paul Adams says: “It’s clear there’s huge demand for lending at higher LTVs at the moment and so we’re really happy to be able to launch these products that open up the 85 per cent LTV market for customers who have experienced credit issues.”

And Brightstar Group chief executive Rob Jupp adds: “Any lender coming to market at the moment with an 85 per cent LTV offering is welcome news.

“When that lender is also able to consider customers with credit issues and takes a pragmatic approach to the self-employed and contractors, it’s an even more positive step for the market, and this is a great announcement from Pepper Money.”