Interest rate reductions, new criteria categories and improved loan to values have been made across Pepper Money’s residential mortgage range.

The specialist lender has cut rates with its lowest two two-year fix now starting at 2.98 per cent.

It has also introduced new LTV categories at 65 per cent and 70 per cent.

In the 85 per cent LTV band, Pepper Money has introduced a range of two-year fixed rates from 4.28 per cent, in response to growing customer demand for high LTVs over shorter terms.

The lender has also re-introduced products at 80 per cent LTV on the Pepper 24 range, including free valuation options.

For customers with more recent credit problems, Pepper Money has relaunched its Pepper 6 range, which can accept defaults and CCJs registered as recently as six months ago.

In addition, Pepper Money has increased the maximum LTV available on its range for customers on a Debt Management Plan to 75 per cent 

Pepper Money sales director Paul Adams says: “We’re really excited to introduce such an extensive range of improvements to our residential products in order to support brokers and their customers in the run up to Christmas.

“What’s more, these changes are backed up by a speed of service that means we are currently within 24 hours at every stage of our process and, with a dedicated case owner accessible to brokers on every application, there is plenty of reason for festive cheer.”