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Non-bank lender cuts rates

by Staff Reporter7 minute read
The Adviser

Staff Reporter

Specialist lender Pepper Home Loans has cut rates for two of its loan products, effective June 20.

Rates have been reduced and the LVR tiering changed on the Pepper Flexi Advantage and Pepper Self-Employed Advantage products.

The Pepper Flexi Advantage, with an LVR of up to 65 per cent, will now include a rate of 8.25 per cent and a mortgage risk fee of 1.25 per cent.

The Pepper Self-Employed Advantage, with an LVR of up to 65 per cent, will include a rate of 8.45 per cent and a mortgage risk fee of 1.25 per cent.

Pepper will refinance other low doc, non-conforming, private and solicitor loans with both of these products.

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