Pepper Homeloans has launched a limited edition residential mortgage offering 30-month fixed rates.

The rates, which are fixed for 30 months from completion, are as follows:

• 2.93% to 70% LTV
• 3.23% to 75% LTV
• 3.63% to 80% LTV
• 3.78% to 85% LTV

The mortgages are for residential purchases and remortgages. No CCJs or missed payments during the past 24 months and no arrears during the past six months are allowed.

There are free legals on remortgages. It comes with a completion fee of £995.

Early repayment changes of 3% in the first 12 months and 2% in the following 18 months apply.

Rob Barnard, sales director of Pepper Homeloans, said: “The combination of highly competitive fixed rates and a 30-month period makes this product particularly attractive at a time when there is growing speculation about a possible increase in interest rates next year.

“We don’t use credit scoring and all applications are individually assessed by a skilled underwriter.”