Pepper cuts number of residential and buy-to-let rates

Essex Home Finance
Pepper Money has increased the maximum LTV on its buy-to-let range and expanded its 85% residential LTV.
The latest Finance and Property News2

Pepper Money has increased the maximum LTV on its Pepper 60 buy-to-let range.

The specialist lender has expanded its 85% residential LTV, which is now available to customers who have had adverse credit registered over 24 months ago with the release of its Pepper 24 offering.

In addition, the maximum buy-to-let LTV on Pepper 60, now includes 75% and 80% LTV, with a five-year fixed rate starting 3.23%.

There are also more than 50 rate reductions across Pepper Money’s two and five-year fixed rate residential mortgages. The largest two-year fixed rate cut is on Pepper 6, which has been reduced by 0.80 percentage points to 5.65%. The biggest rate cut on a five-year fixed rate is on Pepper 12, which has been reduced by 0.70 percentage points to 4.70%.

In buy-to-let, Pepper Money has made more than 30 rate reductions across its two and five-year fixed rate mortgages. The most significant five-year fixed rate cut is on the Pepper 24, which has been reduced by 0.40 percentage points to 4.15% and the largest two-year fixed rate reduction is on Pepper 48, which has been reduced by 0.35 percentage points to 3.25%.

Pepper Money has also simplified valuation fees across its range and refined the number of tiers available on buy-to-let, making the proposition easier to understand and more accessible to more brokers.

Paul Adams (pictured), sales director at Pepper Money, said: “At Pepper Money, we are always looking for ways we can enhance our proposition to make it easier for brokers to find a home for their specialist mortgage cases.

“This product launch is an excellent demonstration of just that. We have responded to broker feedback to increase the maximum LTV on our Pepper 60 product and made a number of rate reductions across our residential and buy-to-let ranges. We have also made other changes to simplify our proposition and make it more accessible to even more customers.”

Original Article from Best Advice 26/07/21

Get In touch

Leave this field blank
Mobile / Home Number
Please choose the closest match to your Mortgage Needs
  • Choose
  • First Time Buyer
  • Help To Buy
  • Homemover
  • Remortgage
  • Buy to Let
  • Equity Release
  • Insurance
  • Home Utilities
  • Nothing found
Essex Home Finance

(01245) 398466

Call Anytime

Address : 8 Kingsdale Business Centre, Regina Road, Chelsmford, Essex, CM1 1PE

Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

Registered address: 1 High Street, Chelmsford, Essex, CM1 1BE.

Registered in England & Wales under number 10607263.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We do not charge for Residential First Time Buyers, Residential Home Movers, Residential Remortgage, and all Product Transfers (Residential or Buy to Let).

There will be a fee for all Buy to Let Purchase and Buy to Let Remortgage cases. Typically our fee will be £149, payable on Offer. We will agree any fees with you before we proceed with your case.

There will be a fee for all Equity Release Mortgage cases. Typically our fee will be £695, payable on Offer. We will agree any fees with you before we proceed with your case.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. 

Our advice is covered under the Financial Ombudsman Service.  You may be able to submit a claim through the  EU Online Dispute Resolution Platform If you live outside the United Kingdom or if you prefer not to deal directly with the Financial Ombudsman Service.