Pepper Money has lowered rates across its entire product range by up to 40 basis points.

The lender’s largest cut is on Pepper36 Light up to 75% loan-to-value (LTV) with a reduction of 40bps taking it to 5.64%.

Other changes include Pepper6 up to 80% LTV, which has been cut by 25bps on two- and five-year fixed rates.

The lowest rate in Pepper’s range is now available from 5.34%.

Pepper Money sales director Paul Adams says: “The economic backdrop may continue to be uncertain, but SWAP rates have actually fallen recently and, at Pepper Money, we’re pleased to be able to pass on the benefits of these reductions to you and your customers.”

“These rate cuts are part of our ongoing commitment to help brokers offer more certainty in uncertain times. Whether it’s through inclusive underwriting, individual affordability assessments or now even more competitive pricing, Pepper Money is here to support brokers in saying ‘yes’ to more customers.”