Pepper Money has cut buy-to-let rates to 4.44% at 70% LTV as part of a 0.20% reduction across its full mortgage range, covering residential, BTL and affordable home ownership products.
What's changed across the range
The rate reductions bring residential products up to 75% LTV down to 5.55%, while Limited Edition Pepper 48 Light rates at 85% LTV now start from 5.79%. Shared ownership rates up to 95% loan-to-scheme-value open at 5.90%. The cuts apply immediately and are available through intermediaries.
Pepper Money positions itself as a specialist lender serving borrowers who may not meet high street criteria, including those with recent credit events or complex income structures such as self-employment or variable pay.
Supporting brokers with complex cases
"We are seeing that an increasing number of customers need a more considered approach to mortgage lending, and brokers play a vital role in helping them find the right solution," said Paul Adams, sales director at Pepper Money (pictured).
"With the ability to consider customers with recent credit events, as well as flexibility around self-employed and variable income, our criteria are designed to look at each customer's full story."
Adams said the rate cuts were aimed squarely at expanding broker options. "By reducing rates across our entire range, we're giving brokers more options to support just-off-high-street customers and helping more people move forward with their home ownership plans."
