Mortgages 

Pepper Money launches limited edition buy-to-let range

Pepper Money launches limited edition buy-to-let range

Pepper Money has launched a range of five-year fixed rate buy-to-let products on a limited edition basis.

Rates on the range start at 3.28 per cent, with a flat fee option available up to 75 per cent loan-to-value (LTV) and a £3,950 completion fee.

Other rates available are 3.37 per cent for up to 65 per cent LTV, 3.47 per cent for up to 70 per cent LTV, 3.57 per cent for up to 75 per cent LTV and 3.77 per cent for up to 80 per cent LTV.

All products come with a 1 per cent completion fee.

James Blower, marketing director at Pepper Money, said: "At Pepper Money, we are always looking for ways to deliver competitive solutions to interesting cases and this limited edition is another example of identifying an opportunity for brokers to provide their clients with a better deal.

"Buy-to-let applications increasingly require bespoke assessment and now brokers can access mortgages with a flexible approach to individual underwriting and five-year fixed rates available from just 3.28 per cent.

"It’s a great way to kick-start the New Year for brokers and their landlord clients."

In October last year Pepper Money agreed terms to buy second charge lender Optimum Credit, including a loan book of more than £450m.

The move followed the lender’s plans to apply for a banking licence, having started discussions with the Prudential Regulation Authority and the Financial Conduct Authority in September 2018.

rachel.addison@ft.com