Specialist mortgage lender Pepper Money has cut rates by 0.50% across its Buy to Let range at 70%, 75% and 80% loan-to-value.
The changes apply across two- and five-year fixed terms, with the lowest rate now reduced to 3.94% on the Pepper 48 Light five-year fixed product at 70% LTV.
Across Pepper 48 Light and Pepper 36 Light, rates have reduced by 0.50% at 70%, 75% and 80% LTV, spanning both two- and five-year fixed options.
The same 0.50% reductions apply to HMO products within both Pepper 48 Light and Pepper 36 Light at 70% and 75% LTV.
Below are the main lowest five-year fixed rates across each core tier following the reductions:
| Product | Term | LTV | New Lowest Rate |
| Pepper48 Light | 5-year fixed | 70% | 3.94% |
| Pepper48 Light | 5-year fixed | 75% | 4.09% |
| Pepper48 Light | 5-year fixed | 80% | 4.84% |
| Pepper36 Light | 5-year fixed | 70% | 4.14% |
| Pepper36 Light | 5-year fixed | 75% | 4.29% |
| Pepper36 Light | 5-year fixed | 80% | 4.99% |
| Pepper48 Light HMO | 5-year fixed | 70% | 4.14% |
| Pepper36 Light HMO | 5-year fixed | 70% | 4.34% |
The lenders says its BTL range is positioned around supporting landlords reviewing existing borrowing.
All single dwelling Buy to Let remortgages come with £350 cashback as standard, and free valuations remain available on selected products for properties up to £500,000.
