"We’re re-entering the Buy to Let market with a new product offering designed to maximise choice and convenience for residential landlords in the UK"
- Paul Adams - Pepper Money
Specialist lender Pepper Money has re-launched its Buy to Let offering, targeting both limited companies and individual landlords with a new product range focused on speed, flexibility, and minimal paperwork.
From today, landlords can apply for mortgages with rates starting from 4.99% and borrow up to £4m in total from Pepper, with individual loans now available up to £2m at 65% LTV or below. The lender allows applications from those with portfolios of up to 10 properties.
There is no minimum income requirement, and applicants are not asked for bank statements or proof of income. Instead, affordability is assessed using ICRs and rental income projected by a RICS surveyor — not based on the rent currently paid by tenants.
Pepper’s revised LTV thresholds also reward energy-efficient properties, offering up to 80% LTV for homes with an EPC rating of A-C, 75% for a D rating, and 70% for those rated E. With EPC compliance deadlines looming in 2030, the lender says the product will support landlords who need to raise capital for improvements.
The range is available to landlords up to age 85, with mortgage terms of up to 35 years. Pepper will accept deposit funds from multiple sources, including gifts, equity, and directors’ loans for limited companies, and does not require a credit score.
“We’re re-entering the Buy to Let market with a new product offering designed to maximise choice and convenience for residential landlords in the UK," said Paul Adams, sales director at Pepper Money.
“We know the market is tough for landlords right now, with an increasingly complex regulatory environment to navigate and rising affordability challenges. With no requirement for a minimum income, bank statements, or credit scores, our new Buy to Let offering is designed to support landlords to raise capital for a range of purposes, including consolidating debts to reduce monthly outgoings, or bringing their property’s EPC rating up to a minimum of C ahead of the UK Government’s planned 2030 deadline.
He added, “At Pepper Money, we are committed to the specialist lending market and developing a broad range of products and services to support brokers. It’s important for us to continue to work collaboratively with brokers so they can deliver competitive rates and quality service to their customers.
"Whether their customers are first-time landlords, growing their portfolios, or looking to raise capital on an existing property, we could help. We look forward to bolstering Pepper Money’s Buy to Let product range even further with additional enhancements, which we hope to launch in quick succession.”
