PEPPER Reduces rates and improves criteria on BTL and Resi, plus LTB re-introduced

Great News- We’ve made a host of exciting updates to our criteria and rates!

This includes a full reprice of our Residential range, with enhanced LTV bands across both Residential and Buy to Let, plus a brand new limited edition Pepper 60 product tier for landlords with no CCJs, defaults or secured arrears in the last 5 years.

 

Here’s the key updates you need to know:

  • Full Residential reprice with 5-year fixed rates as low as 3.25% – with more than 50 rates reduced across our range
  • New 5-year fixed Pepper 60 Buy to Let product available up to 75% LTV, where rent is calculated at the payrate of 3.18%
  • Improved LTVs for Residential customers on Pepper 6, Pepper 12 & Pepper 18
  • Minimum income for Buy to Let reduced to £18,000 per application
  • Let to Buy re-introduced

Why now?

At Pepper Money, we’ve continued to monitor the needs of our intermediary partners and their customers, and we’re delighted to announce substantial improvements across our product range that showcase Pepper Money’s appetite to lend and commitment to you, our brokers. At a time when improvements have slowed across the market, we continue to develop our proposition based on our feedback.

 

What’s improved?

Better rates for Residential customers

Your customers can benefit from improved rates on our Residential range, and higher LTV bands are now available to help improve affordability for those with more recent credit blips.

Better criteria for landlords

Your landlord customers will also benefit from this latest batch of product improvements. We have launched a new 5-year fixed Pepper 60 Buy to Let product available up to 75% LTV, where rent is calculated at the payrate of 3.18%. We have added LTV bands to help landlords with recent financial blips 24 months and 12 months ago at 80% LTV. We’ve also re-introduced Let to Buy, and reduced the minimum income for landlords to just £18,000.

 

All guides can be found here

Residential Product Guide

BTL Product Guide

Ltc co BTL Product Guide

Residential criteria guide

BTL criteria guide

Ltd co BTL criteria

Limited edition BTL

Easy Video Reviews

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