Pepper Money launches the first cashback products
Pepper Money has launched a line of cashback products designed for customers who want to get a better rate or consolidate their debt.
The products are available for remortgages on Pepper 12 through Pepper 24, and the latter is also now available with a loan-to-value (LTV) ratio of 85%.
Products are available from 4.45% with no completion fees, and a £ 500 cashback upon completion.
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Paul Adams, Sales Director at Pepper Money, said: “We are really excited about the launch of Pepper Money’s very first cash back mortgage.
“Many customers experienced financial difficulties during the pandemic, resulting in missed payments and increased debt.
“According to our latest adverse credit survey, 24% of people with bad credit report that their credit usage has increased from 12 months ago, compared to 13% of the general population.
“With our Cash Back Mortgage, clients now have a great option to consolidate that debt, with the cash back available to help pay out the cash payments that are often required when consolidating debt.
“In fact, the launch of these products is a prime example of Pepper Money responding to changing customer circumstances, with products developed to meet their specific needs.”