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Pepper Money introduces limited edition BTL product

Jake Carter

April 14, 2021

Pepper Money has introduced a limited edition buy-to-let (BTL) mortgage product.

The Pepper 60 product is suitable for customers who have not had a County Court Judgment (CCJ), secured missed payment or default in the last 60 months.

This limited edition mortgage is available up to 75% loan-to-value (LTV) with a 5-year fixed rate at 3.18%.

It has also reduced the minimum income requirement for individuals buying in their own name, from £30,000 to £18,000.

The minimum income for limited companies remains at £30,000.

The specialist lender has also increased the maximum available LTV on its Pepper 36 and Pepper 36 Light buy-to-let mortgages to 80%.

The lender has expanded its buy-to-let range, which starts at 3.15%, but now also includes 4.65% for a 5-year fixed rate on Pepper 24 Light.

All of Pepper Money’s buy-to-let mortgages are available both to customers applying in their own name and to limited companies.

Paul Adams, sales director at Pepper Money, said: “Buy-to-let is a big opportunity for advisers this year, with ongoing demand from investors purchasing new properties and a wave of potential remortgage business as thousands of 5-year fixed rates come to an end.

“At Pepper Money, we wanted to make it easier for advisers to make the most of this opportunity and so we’ve made a number of important enhancements to our buy-to-let range which is available both to individuals and limited companies.

“As well as increasing the maximum LTV to 80% on Pepper 36 and introducing one of our lowest ever rates on our Limited Edition product, we are also lowering the minimum income requirement to make the range more accessible to customers who earn much of their income through buy-to-let.

“On top of this, we don’t use credit scoring to make decisions on any of our buy-to-let mortgages and continue to support all applications with up to date service levels.”


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