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Pepper updates BTL range

Pepper Money has unveiled a series of new buy-to-let rate reductions and product introductions. 

The new mortgage range includes buy-to-let limited editions as well as series of changes to its core product range.

Highlights include a 65% loan-to-value (LTV) five-year fix from 3.38% to 3.28%, and the 80% LTV five-year fix from 3.88% to 3.78%. Both these two products are within the lender’s Pepper 48 range.


The 80% two-year fix has also been cut, from 4.45% to 4.39%, and the 75% LTV five-year fix from 3.87% to 3.84%.

The buy-to-let limited edition is available as a five-year fixed rate up to 75% LTV on Pepper 48, with a rate of 3.3% and a flat fee of £1,995.

Pepper Money has also made cuts to five-year fixed rates on Pepper 24 and a two-year fixed rate on Pepper 18. And, on its buy-to-let range, Pepper Money has cut all five-year fixed rates on Pepper 48 by 0.1 percentage points, with rates now starting from 3.28%.

Paul Adams, sales director at Pepper Money, commented: “Last week we announced the results of our groundbreaking research into mortgage borrowers with adverse credit, in which we reported that an estimate of 1.26m people with adverse credit may need support from a broker in the next 12 months. 

“Our new product changes are all about giving those people more choice – with some cheaper rates and a greater range of options for clients who could benefit from a different fee structure.

“We think that the introduction of free valuations on selected residential remortgage only products, combined with a £0 completion fee option, as well as the flat fee buy-to-let products, will prove particularly popular amongst remortgagors at a time when this area is a significant driver of business volumes for mortgage brokers.”

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