Pepper ups LTVs and cuts rates

Pepper Money has increased the maximum LTV on its Pepper 60 BTL offering.

The range now provides 75% and 80% LTV options on five-year fixed terms, available at 3.23% and 4.33%, respectively.

In addition, the lender has made over 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 lowered to 4.15%, while the largest two-year fixed-rate drop is on Pepper 48, down to 3.25%.

The finance provider has also simplified valuation fees across its product suite and refined the number of tiers available on BTL, making the proposition easier to understand and increasingly accessible to more brokers.

Paul Adams, sales director at Pepper Money (pictured above), said: “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.”

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