Pepper Money has cut prices across its entire product range, with fixed-rate loans reduced by as much as 98 basis points.  

The specialist lender’s largest cuts come at its Pepper 18 Light five-year fixes up to 80% loan to value, which is 98bps lower.  

It says for customers with recent adverse financial scores, it has reductions on Pepper 6 up to 80% LTV, with five-year rates down by up to 96bps, and by 81bps on two-year fixes.  

The firm adds that it has cut lending across its affordable homeownership ranges, with reductions of up to 88bps on five-year fixes across shared ownership and right to buy products at up to 75% LTV and first homes at up to 70% LTV.   

Pepper Money sales director Paul Adams says: “This new year has brought positive news for mortgage customers, with the recent decline in swap rates translating to lower pricing on mortgages.     

“Some of the larger reductions are for those customers with smaller deposits of up to 20%, which is great news for brokers as often this group has access to a smaller range of options.”