Pepper mortgage - approval in principle

S

Sean1888

Registered User
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Hi,

I have received the above from Pepper through a broker.

I am just wondering has anyone had any dealings with Pepper, what are the interest rates like in comparison to other lenders - KBC/PTSB, are they likely to fluctuate much, is there any negatives for going ahead with them.

Had a refusal from AIB due to a historic ICB issue and Ulster Bank application is under appeal.

I appreciate any help or advice.
 
Is the variable rate tied to anything? That is a lot higher Than the average. But as you are a sub-prime borrower, you will have to pay a high rate, until you can switch lender.
 
What would people think is a fair price above the prime rate? 1%?

I wouldn't have thought there is a big market for a product like that given what's happened
 
Thanks for the input.

The repayments for the mortgage are well within affordability up to 6.5%, however I am concerned that Pepper could raise interest above this rate.

Is this possible if they are not linked to the ECB or is there Central Bank rules that restrict this?
 
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