Pepper Money reduces rates and improves criteria on DMP range
Pepper Money has reduced rates by up to 0.5% across their Debt Management Plan (DMP) range so rates now start from 3.48%.
Following feedback from brokers, they’ve also improved their DMP criteria to now accept those who have satisfied a DMP in the last 12 months or had further CCJs or defaults since entering into a DMP.
Rob Barnard, Sales Director of Pepper Money, said:
“Borrowers in the UK have an unprecedented amount of unsecured debt and there are occasions where the burden can become too much for some people. At Pepper Money, we recognise the determination of individuals who have taken the responsibility to tackle their debts and entered a Debt Management Plan. So, we are happy to lend to borrowers who have been able to successfully maintain a plan for at least 12 months.”
“We launched our DMP range earlier this year and have seen a huge amount of demand from brokers. We’ve also received some feedback about how the criteria could be improved to help even more clients. I’m happy to say that we’ve been able to respond to this feedback and make the requested changes. We’ve also been able to cut rates right across the range, making Pepper’s DMP mortgages amongst the most competitive in the market.”