Pepper Homeloans has cuts 30-month, two and five-year fixed rates in its non-conforming residential mortgage product range.

Changes include the following rate reductions:

• up to 4o basis points (bps) on two-year fixes, which now start from 3.63%
• up to 3obps on five-year fixes, which now start from 4.23%
• up to 25bps on 30-month fixes, which now start from 3.68%

Completion fees are also being reduced to £995 for most products (£1,295 on NC 4 & 5 ranges, for two and five-year fixes).

Rob Barnard, sales director of Pepper Homeloans, said: “These cuts to our non-conforming range fixed rates and fees will help hard-pressed homeowners make a move up the housing ladder or remortgage onto a more competitive deal.

“All applications are manually underwritten and we don’t use credit scoring. Brokers can submit DIPs and applications online and they will receive a fast efficient service.”