Now offering one of the lowest variable rates in Ireland...
Pepper Homeloans has cut its variable mortgage rate by up to 0.45 percentage points for residential customers.
The variable rate will now start from 3.1% for mortgages, one of the lowest available in Ireland.
Buy-to-let rates have been reduced as low as 4.4% for mortgages with a loan-to-value ratio below 50%.
The Australian-listed financial services group Pepper began offering Irish home loans through brokers in January.
Pepper Homeloans currently has approximately 50,000 customers in Ireland, and has been primarily targeting first-time buyers, the self-employed and those with non-standard employment types.
Pepper Ireland CEO Paul Doddrell said of the new cuts:
"Today’s rate change will help cement our position as a highly competitive modern alternative for lending in Ireland that brings competition and choice for Irish borrowers wanting to switch their mortgage, refinance or take out their first home loan.”