Pepper Money has cut buy-to-let rates across its landlord mortgage range, with pricing now starting from 4.54% up to 70% LTV, while also reducing selected residential products and launching a new Limited Edition remortgage range.
The latest changes include lower buy-to-let rates for both personal and limited company landlords. Pepper Money has also reduced pricing across residential two-year fixed products up to 75% LTV, with selected five-year fixed products also updated.
Residential rates now start from 5.38% up to 75% LTV.
The latest pricing gives brokers more options when arranging finance for borrowers whose circumstances may require a more flexible approach than that available from mainstream lenders.
Pepper Money's changes cover both its personal and limited company buy-to-let ranges, giving landlords access to lower rates across different ownership structures.
Alongside the buy-to-let rates reductions, the lender has launched a new Limited Edition remortgage-only range across its residential range.
The new products are available on two-year fixed rates and come with no application fee and a free valuation across all product tiers. The range carries a completion fee of £1,995.
The changes come as borrowers continue to face affordability pressures and look for mortgage options suited to their individual circumstances. Pepper Money said the updated range is intended to give brokers greater choice when supporting customers with complex income, lower credit scores or recent credit challenges.
“Affordability remains a key challenge for many customers, and brokers need lenders who can offer flexibility when circumstances don't fit the high street mould. That's why we're continuing to enhance our range with more competitive pricing and greater choice across both Residential and Buy to Let,” said Paul Adams, sales director at Pepper Money (pictured).
Pepper Money said demand for its shorter-term fixed-rate products has also remained strong following previous pricing reductions.
“Following recent reductions to our two-year fixed rates, we've seen strong demand from brokers looking to support customers who need a more tailored approach. With UK Finance estimating that around 1.8 million fixed-rate mortgages will mature this year, we're also launching our new Limited Edition remortgage range to help brokers support even more customers as they come to the end of their deal,” he added.
The new remortgage products are available across Pepper Money's residential range, while the lender's latest buy-to-let rates apply to both personal and limited company landlords.
“Whether it's a customer with a complex income, previous credit challenges or simply a need for greater flexibility, our focus remains the same: giving brokers more opportunities to help more people achieve their goals.”
