Pepper launches 2.98% BTL 5-year fix

Ryan Bembridge

May 10, 2017

Pepper Homeloans has launched a limited edition buy-to-let 5-year fixed rate mortgage at 2.98% to 75% loan-to-value.

The product comes with a completion fee of 1.75% and is available to customers with no CCJs or missed payments in the past 36 months and no arrears in the past six months.

Rob Barnard, sales director of Pepper Homeloans, said: “Our research indicates that this product will typically appeal to investors who are seeking capital growth over a 5-year period.

Pepper Homeloans to become Pepper Money

“The pay rate rental calculation also means landlords can borrow more, providing them with a significant benefit.

“With a rate of just 2.98%, a minimum loan size of £25,001 and free legals on remortgages, this is a very attractive package which landlords could see as an ideal opportunity to refinance their portfolio.”

All applications are manually underwritten and Pepper doesn’t use credit scoring. Brokers can also submit DIPs and applications online.

Customers can get free legals on remortgages and loans between £25,000 and £1m.

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