The limited edition mortgages are available on the Pepper 48 and Pepper 48 light residential range for purchase and remortgage. This range is suitable for customers who haven’t had a CCJ or default in the last 48 months.

The mortgages features £500 cashback to help pay towards legal costs and reduced completion fees across the range of 2-year and 5-year fixed rates. Fees on the 2-year fixed rates have been reduced from £1,295 and £995 to £795, while the fee on the 5-year fixed rates have been cut from £995 to £795.

Rates on the limited edition product start at 3.30% for a 2-year fixed rate up to 75% LTV on Pepper 48 Light, with 5-year fixed rates in this category starting at 3.55%.

Read more: Pepper Money ups LTV for limited edition resi range.

“At Pepper Money, we are continually working with brokers on ways to improve our proposition. One insight to come from this is that the total amount payable over the duration of a fixed rate period is often the most important consideration for brokers when choosing a specialist lender,” Paul Adams, sales director at Pepper Money, said.

“This limited edition product addresses that point, with lower fees and £500 cashback reducing the total amount payable over the fixed rate period on our Pepper 48 and Pepper 48 light mortgages.”