Pepper Money launches a number of Buy2Let criteria enhancements

Last week we made some pretty game changing improvements to our BTL lending criteria. We’ve added the following to our offering, effective right now! –

  • 100% of the applicant’s income can be derived from their BTL portfolio (for “professional” Landlords with 11+ BTL’s)
  • Minimum income requirement reduced to £15k* for Landlords with less than 11 BTL’s & £25k minimum for first time landlords – applies to both standard and for Ltd Co applications.
  • Gifted deposits now accepted
  • Inter – company loans accepted
  • Max individual loan with Pepper Money increased to £2m
  • Max aggregate debt with Pepper Money increased to £4m
  • Removal of the “maximum of 3 BTL’s with Pepper Money” rule
  • Incorporation of personally owned BTL’s accepted
  • No “financials” required for SPV’s less than 12 months old
  • Even more improvements coming soon…


  • Market leading Ltd Edition BTL 5-year fixed deal – 3.13% to 75% LTV calculated at 125%/140% @ pay rate for Ltd Co/standard BTL cases respectively

What can we do that other BTL lenders can’t? – here’s 4 pretty unique USP’s of our BTL criteria –

  • Unlike many lenders we don’t stress the background portfolio based on a minimum % rental coverage level or any present ICR
  • We don’t set a maximum LTV % gearing or total debt limit on the background portfolio
  • We apply the same rental calculations, irrespective of your customers personal tax status
  • We always use the MARKET RENT figure as advised by the valuer to calculate maximum borrowing – even if the current tenant is paying less

In addition to the BTL USP’s detailed in green below, which I’m sure you’ll agree are pretty hard to find elsewhere, I’m confident that the above will give you way more scope and reasons to factor Pepper Money into your preferred choice of lenders for your BTL clients, and in addition to our dedicated case management system and market leading service, will see us become a real force in the specialist BTL lender space.

As always, if you have any potential new cases you’d like to discuss email

Please note – I am back out doing physical Broker visits again from the start of February, so please reach out to me if you’d like me to pencil in some training. All Covid-19 precautions will be observed.

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