Pepper Money has cut most of its residential and buy-to-let rates as it introduces its limited edition Summer Special.

Rates have been cut by up to 0.15 percentage points on most products, including Pepper Money’s DMP range for customers in active Debt Management Plans.

Rates on Pepper 18, for clients who have adverse credit in the last two years but no defaults, CCJs, mortgage or secured loan missed payments and arrears in the last 18 months, are available from 3.56%.

Rates on Pepper 12, for clients with a clean record in the last 12 months, are available from 3.59% and rates on Pepper 6, which is available for clients who have had zero defaults or CCJs in the last six months and zero mortgage or secured loan missed payments and arrears in the last 12 months, start at 3.93%.

Clients with an active DMP can access rates from 3.63% and Pepper’s buy-to-let products start at 3.48%.

Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, we’re always reviewing our products to ensure they provide excellent value and we’re really pleased that we’ve been able to identify this opportunity to launch a limited edition Summer Special.

“With rates for borrowers who have had credit problems within the last two years available from 3.56%, we are demonstrating to brokers and their clients that affordable mortgages can still be accessible to customers with adverse credit.”