Pepper Advantage – Mortgage interest rates

We offer a range of both fixed and variable rates.  Deciding which type of rate suits you best is an important decision and we always suggest you speak to your mortgage broker who will be able to explain your options to you in as much detail as you need.

In general terms, the rates available to you with Pepper Money are determined by your employment status (i.e. whether you are a PAYE worker or self-employed), your loan to value (the amount you want to borrow as a percentage of the value of the property), your previous credit history and whether the property is your main home.

Variable rates, as the name suggests, are subject to change, meaning the interest rate and your monthly repayment can go up or down subject to a variety of factors.    With a fixed rate, your interest rate and your repayment are fixed and will not change over the time period you choose.  At the end of the fixed rate period, you may be able to select a new fixed rate or switch to the relevant variable rate at that time.

Variable interest rates

For your main home
Loan to Value (LTV) Loan to Value Rate APRC* Annual Percentage Rate of Charge is the yearly interest that includes fees and costs paid to obtain the loan.
< 50% 3.85% 4.00%
< 60% 4.45% 4.63%
< 70% 4.50% 4.68%
< 80% 5.05% 5.25%
For buy to let properties
Loan to Value (LTV) Loan to Value Rate APRC* Annual Percentage Rate of Charge is the yearly interest that includes fees and costs paid to obtain the loan.
< 50% 5.65% 6.09%
< 70% 6.00% 6.46%
< 80% 6.25% 6.73%

 

Fixed interest rates – new customers

3 Year Fixed Rates

For your main home
Loan to Value (LTV) Loan to Value Rate APRC* Annual Percentage Rate of Charge is the yearly interest that includes fees and costs paid to obtain the loan.
< 50% 3.90% 4.02%
< 60% 3.90% 4.45%
< 70% 3.95% 4.50%
< 80% 3.95% 4.89%

5 Year Fixed Rates

For your main home
Loan to Value (LTV) Loan to Value Rate APRC* Annual Percentage Rate of Charge is the yearly interest that includes fees and costs paid to obtain the loan.
< 50% 4.30% 4.22%
< 60% 4.30% 4.55%
< 70% 4.40% 4.63%
< 80% 4.40% 4.92%

*APRC = Annual Percentage Rate of Charge

Fixed interest rates – existing customers

3 Year Fixed Rates

For your main home
Loan to Value (LTV) Loan to Value Rate APRC* Annual Percentage Rate of Charge is the yearly interest that includes fees and costs paid to obtain the loan.
< 50% 4.05% 4.06%
< 60% 4.65% 4.69%
< 70% 4.70% 4.74%
< 80% 5.25% 5.32%

5 Year Fixed Rates

For your main home
Loan to Value (LTV) Loan to Value Rate APRC* Annual Percentage Rate of Charge is the yearly interest that includes fees and costs paid to obtain the loan.
< 50% 4.30% 4.22%
< 60% 4.70% 4.75%
< 70% 4.75% 4.80%
< 80% 5.30% 5.38%

*APRC = Annual Percentage Rate of Charge

 

 

Regulatory Notices

Where a variable interest rate applies to the loan:
Warning: The cost of your monthly repayments may increase.

Where a fixed interest rate applies to the loan:
Warning: You may have to pay charges if you pay off a fixed-rate loan early.