Your remortgage customers could be better with Pepper
Pepper Money has made two further additions to their product and service proposition to help you place more Residential remortgage customers.
For the first time on their Residential range, Pepper Money has launched a remortgage only Pepper 60 product, available from 55% LTV! Ideal for customers who haven’t had a secured missed payment, CCJ, or Default in 60 months and haven’t missed an unsecured payment in the last 12 months. Self-employed customers require 3 years’ minimum trading to be eligible.
The product features their lowest ever rate of 1.98% on a 2-Year Fixed Rate, up to 55% LTV. A 5-Year Fixed Rate attracts their lowest rate of 2.80%, up to 65% LTV.
These products will support those customers with near perfect credit profiles that may have small blips.
That’s not all… Following a successful pilot, Automated Valuations will now be available on selected Residential remortgages (subject to LTV and loan size) to speed up the customer journey. Pepper have already seen the power of AVMs having successfully progressed an application to offer in just 24 hours with the help of an AVM.
With these updates, you will be in a fantastic position to write more remortgage business with these low rates and AVMs to speed up the process! With UK house prices rising at their fastest rate since 2004 increasing many homeowners’ equity within their existing property, it’s a great time to get in touch with your existing customers to get a better deal.
