"By reducing rates by 0.50% across our 70%, 75% and 80% LTV tiers, including HMOs, we're strengthening our buy-to-let proposition at a crucial time for brokers and local landlords who are a crucial part of the rental market"
- Paul Adams - Pepper Money
Pepper Money has announced that it has cut rates by 0.50% across its buy-to-let range at 70%, 75% and 80% loan-to-value (LTV), covering both its Pepper 48 and Pepper 36 products, including Houses in Multiple Occupation (HMOs).
The reductions span two- and five-year fixed terms. The lowest rate now sits at 3.94% on the Pepper 48 Light five-year fixed product at 70% LTV.
The cuts arrive ahead of what is shaping up to be a busy remortgage period. The Intermediary Mortgage Lenders Association (IMLA) forecasts buy-to-let remortgage lending will exceed £26.5bn this year, following strong growth in 2025. As more landlords review their borrowing arrangements, competitive pricing and service reliability are becoming key factors for brokers.
Across Pepper 48 Light and Pepper 36 Light, the 0.50% reductions apply at 70%, 75% and 80% LTV on both fixed-term options. The same cuts extend to HMO products within both ranges at 70% and 75% LTV, meaning landlords with more complex property types benefit from the same pricing improvements.
Below are the standout 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% |
| Pepper48 Light HMO | 5-year fixed | 70% | 4.34% |
"We're seeing continued momentum in the remortgage space, and landlords are actively reviewing their funding as fixed rates mature," said Paul Adams, sales director at Pepper Money (pictured).
"By reducing rates by 0.50% across our 70%, 75% and 80% LTV tiers, including HMOs, we're strengthening our buy-to-let proposition at a crucial time for brokers and local landlords who are a crucial part of the rental market."
"Competitive pricing is only part of the picture. When combined with cashback on remortgages, free valuations on qualifying properties and our flexible underwriting approach, we're giving advisers the confidence to support a wide range of landlord scenarios."
To support remortgage activity further, all single dwelling buy-to-let remortgages include £350 cashback as standard, with free valuations available on selected products for properties up to £500,000.
As portfolio reviews become more frequent, the combination of rate cuts, cashback and valuation support gives brokers a practical set of tools to work with as refinancing demand grows.
