Pepper Money has relaunched its Pepper 48 range, which includes products for customers who have been CCJ or default free for 48 months.

Mortgage rates in the range start at 6.75% for a five-year fixed rate product and a new limited edition three-year fix is included, along with a low ERC (early repayment charge) five-year fix.

A five-year fix at 85% LTV is available in the range at 6.84%.

Pepper Money has also reintroduced free valuations across its range and no arrangement fee options have returned to products in Pepper 48 and Pepper 18. 

Pepper Money sales director Paul Adams says: “Pepper 48 has traditionally been one of the most popular products in our range of specialist mortgages, providing competitive pricing, clear concise criteria and affordability for customers who have tripped up on credit payments in the past, meaning that they often do not pass the credit score models in the mainstream market.

“This relaunch includes low ERCs on five-year fixed rates for customers who want to benefit from the keen pricing of 5-year money at the moment, as well as a new 3-year fixed rate option for those who want to fix their rate for a shorter period. It also features our lowest current rate for customers with smaller deposits.”