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28 July 2023 – Pepper will today start notifying certain residential mortgage customers of increases in their variable rates.
Change affects fewer than half of the residential variable rate customers managed by Pepper. Average rate of 5.9% on residential variable rate mortgages as of 31 May 2023 will increase to 6.3%.
In recent days we have received a number of customers queries regarding Personal Insolvency Arrangements (PIAs), following a widely publicised judgement made by the Tullamore Circuit Court last week.
Increase reflects two consecutive increases in the ECB rate in December 2022 and February 2023 Average rate of 5.2% on Variable Rate mortgages and 3.1% on Split Mortgages (average across customers’...
Pepper establishes dedicated support and outreach for customers concerned about interest rate increases and the rising cost of living Forbearance options can include reduced rates and fixed repayments