Pepper Money has cut rates across its complete range, cutting the price of more than 400 products by a minimum of 0.20%.

The largest reductions have been made on mortgages for customers with recent adverse credit. For example, Pepper 12 DMP has been reduced by 2.25% to 8.20% on a 5-year fixed rate, while the price of Pepper 24 Bankruptcy has been cut by 2.20% to 8.44% on a 2-year fixed rate. Pepper 6 Light up to 75% LTV has been reduced by 1.59% to 7.85% on a 2-year fixed rate. The lowest available rate is now 6.82% on Pepper 48 Light up to 75% LTV on a 5-year fixed rate.

In addition, there have been rate reductions across Pepper Money’s Affordable Home Ownership proposition to help more hopeful homeowners onto the housing ladder. Most notably, the Right to Buy Pepper 48 5-year fixed rate has been cut by 1.57% to 7.42%.

The 400 rate reductions are available across Pepper Money’s core range, and the specialist lender has removed its Limited Edition range as well as 2-year Tracker and Lifetime Tracker products.

As well as cutting rates across its range, Pepper Money has introduced the option of a Completion Fee of £1,495 for 2-year and 5-year fixed rates on its product ranges from Pepper 6 through to Pepper 48.

Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, we have a reputation for providing outstanding service, consistently delivering speed and certainty to brokers and their customers when they need it most. This is particularly important for customers with adverse credit or those looking to take their first step onto the property ladder, especially if they’ve already been let down by another lender.

“However, price is always clearly an important consideration for customers, and we’ve worked hard to make a vast number of significant rate cuts across our range to ensure that our specialist mortgages remain competitively priced and accessible to as many customers as possible.

“We continue to support these new, lower rates with a commitment to enhancing our award-winning service proposition. As well as being able to quickly speak to a decision maker on the phone, brokers now have access to Live Chat functionality, providing them with the choice to communicate with Pepper Money in the way that best suits them.”