Pepper (formerly GE Mortgages) to offer split mortgages

Brendan Burgess

Founder
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From the Irish Times

3,500 sub-prime mortgages making up a €620 million portfolio

Up to half to be warehoused at 0% interest

Borrowers who keep up their repayments on the active part to get a 5% rebate against the warehoused part.

Borrowers who accelerate repayments also to get a 5% rebate.
 
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