Pepper Money has increased rates by at least 35bps on multiple products.
The lender said the move was in response to turbulent swap markets due to the conflict in the Middle East.
Pepper announced it was likely to make rate increases last week.
The lender withdrew its range for repricing on the evening of 16 March.
In an email to brokers, Pepper said: “If you’ve found a suitable product for your customer on a sourcing system, the rates may have changed, as there’s a slight delay for the new rates being displayed on sourcing due to the scale of products updated across the market. Please submit a decision in principle as normal to confirm your customer’s rate.”
