Limited Company Buy to Let Products

Limited Company Buy to Let

From newly incorporated landlords to those operating a special purpose vehicle (SPV)

If your client is looking to purchase their next property under a limited company structure or is already managing their interests like this we could help.

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Pepper48 Light - Suitable for clients that haven’t had a Default in the last 48 months and who have never had a CCJ

Our rates for Pepper 48 Light

LMR = 1.10%
Effective 21st September 2020

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2 Year Fixed

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
65%	3.15%	5.50%	1.50%	3.20%	5.50%	£1,995.00 / £2,995.00	3.45%	3.45%	1.50%	3.50%	3.50%	£1,995.00 / £2,995.00	4.00%
70%	3.25%	5.50%		3.30%	5.50%		3.55%	3.55%		3.60%	3.60%		4.00%
75%	3.35%	5.50%		3.40%	5.50%		3.60%	3.60%		3.65%	3.65%		4.25%
80%	4.35%	6.35%		4.40%	6.40%		4.55%	4.55%		4.60%	4.60%		4.50%
	&nbsp
	ERC: 3%, 2%						ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 48 Light

Credit Criteria
CCJs	None
Defaults	0 in 48 months
CCJ Value	None
Mortgage/Secured Arrears:	0 in 48 months (No arrears balance in last 6 months)
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper48 - Suitable for Limited Company landlords that haven't had a CCJ or Default in the last 48 months

Our rates for Pepper 48

LMR = 1.10%
Effective 21st September 2020

&nbsp

2 Year Fixed

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
65%	3.55%	5.55%	1.50%	3.60%	5.60%	£1,995.00 / £2,995.00	3.85%	3.85%	1.50%	3.90%	3.90%	£1,995.00 / £2,995.00	4.00%
70%	3.60%	5.60%		3.65%	5.65%		3.90%	3.90%		3.95%	3.95%		4.00%
75%	3.70%	5.70%		3.75%	5.75%		3.99%	3.99%		4.05%	4.05%		4.25%
80%	4.70%	6.70%		4.75%	6.75%		4.95%	4.95%		4.99%	4.99%		4.50%
	&nbsp
	ERC: 3%, 2%						ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 48

Credit Criteria
CCJs	0 in 48 months
Defaults	0 in 48 months
CCJ Value	No limit
Mortgage/Secured Arrears:	0 in 48 months (No arrears balance in last 6 months)
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper36 Light - Suitable for clients that haven’t had a Default in the last 36 months and who have never had a CCJ

Our rates for Pepper 36 Light

LMR = 1.10%
Effective 21st September 2020

&nbsp

2 Year Fixed

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
65%	3.40%	5.50%	1.50%	3.45%	5.50%	£1,995.00 / £2,995.00	3.60%	3.60%	1.50%	3.65%	3.65%	£1,995.00 / £2,995.00	4.00%
70%	3.45%	5.50%		3.50%	5.50%		3.70%	3.70%		3.75%	3.75%		4.00%
75%	3.55%	5.55%		3.60%	5.60%		3.90%	3.90%		3.95%	3.95%		4.25%
80%	4.55%	6.55%		4.60%	6.60%		4.99%	4.99%		5.05%	5.05%		4.50%
	&nbsp
	ERC: 3%, 2%						ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 36 Light

Credit Criteria
CCJs	None
Defaults	0 in 36 months
CCJ Value	None
Mortgage/Secured Arrears:	0 in 36 months (No arrears balance in last 6 months)
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper36 - Suitable for Limited Company landlords that haven't had a CCJ or Default in the last 36 months

Our rates for Pepper 36

LMR = 1.10%
Effective 21st September 2020

&nbsp

2 Year Fixed

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
65%	3.65%	5.65%	1.50%	3.70%	5.70%	£1,995.00 / £2,995.00	3.90%	3.90%	1.50%	3.95%	3.95%	£1,995.00 / £2,995.00	4.00%
70%	3.70%	5.70%		3.75%	5.75%		3.99%	3.99%		4.05%	4.05%		4.00%
75%	3.75%	5.75%		3.80%	5.80%		4.25%	4.25%		4.30%	4.30%		4.25%
80%	4.80%	6.80%		4.85%	6.85%		5.35%	5.35%		5.40%	5.40%		4.50%
	&nbsp
	ERC: 3%, 2%						ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 36

Credit Criteria
CCJs	0 in 36 months
Defaults	0 in 36 months
CCJ Value	No limit
Mortgage/Secured Arrears:	0 in 48 months (No arrears balance in last 36 months)
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper24 Light - Suitable for clients that haven’t had a Default in the last 24 months and who have never had a CCJ

Our rates for Pepper 24 Light

LMR = 1.10%
Effective 21st September 2020

&nbsp

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
70%	4.30%	4.30%	1.50%	4.35%	4.35%	£1,995.00 / £2,995.00	4.00%
75%	4.50%	4.50%	1.50%	4.55%	4.55%	£1,995.00 / £2,995.00	4.25%
	&nbsp
	ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 24 Light

Credit Criteria
CCJs	None
Defaults	0 in 24 months
CCJ Value	None
Mortgage/Secured Arrears:	0 in 24 months (No arrears balance in last 6 months)
Unsecured Arrears:	2 individual utility, communication or mail order account defaults up to and including £150.00 each ignored
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper24 - Suitable for Limited Company landlords that haven't had a CCJ or Default in the last 24 months

Our rates for Pepper 24

LMR = 1.10%
Effective 21st September 2020

&nbsp

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
70%	4.40%	4.40%	1.50%	4.45%	4.45%	£1,995.00 / £2,995.00	4.00%
75%	4.60%	4.60%	1.50%	4.65%	4.65%	£1,995.00 / £2,995.00	4.25%
	&nbsp
	ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 24

Credit Criteria
CCJs	0 in 24 months
Defaults	0 in 24 months
CCJ Value	No limit
Mortgage/Secured Arrears:	0 in 24 months (No arrears balance in last 6 months)
Unsecured Arrears:	2 individual utility, communication or mail order account defaults up to and including £150.00 each ignored
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper18 Light - Suitable for clients that haven’t had a Default in the last 18 months and who have never had a CCJ

Our rates for Pepper 18 Light

LMR = 1.10%
Effective 21st September 2020

&nbsp

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
70%	5.40%	5.40%	1.50%	5.45%	5.45%	£1,995.00 / £2,995.00	4.25%
75%	5.70%	5.70%	1.50%	5.75%	5.75%	£1,995.00 / £2,995.00	4.50%
	&nbsp
	ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 18 Light

Credit Criteria
CCJs	None
Defaults	0 in 18 months
CCJ Value	None
Mortgage/Secured Arrears:	0 in 18 months (No arrears balance in last 6 months)
Unsecured Arrears:	2 individual utility, communication or mail order account defaults up to and including £150.00 each ignored
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper18 - Suitable for Limited Company landlords that haven't had a CCJ or Default in the last 18 months

Our rates for Pepper 18

LMR = 1.10%
Effective 21st September 2020

&nbsp

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
70%	5.50%	5.50%	1.50%	5.55%	5.55%	£1,995.00 / £2,995.00	4.25%
75%	5.80%	5.80%	1.50%	5.85%	5.85%	£1,995.00 / £2,995.00	4.50%
	&nbsp
	ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 18

Credit Criteria
CCJs	0 in 18 months
Defaults	0 in 18 months
CCJ Value	No limit
Mortgage/Secured Arrears:	0 in 18 months (No arrears balance in last 6 months)
Unsecured Arrears:	2 individual utility, communication or mail order account defaults up to and including £150.00 each ignored
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper12 Light - Suitable for clients that haven’t had a Default in the last 12 months and who have never had a CCJ

Our rates for Pepper 12 Light

LMR = 1.10%
Effective 21st September 2020

&nbsp

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
70%	6.10%	6.10%	1.50%	6.15%	6.15%	£1,995.00 / £2,995.00	4.55%
	&nbsp
	ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 12 Light

Credit Criteria
CCJs	None
Defaults	0 in 12 months
CCJ Value	None
Mortgage/Secured Arrears:	0 in 12 months (No arrears balance in last 6 months)
Unsecured Arrears:	2 individual utility, communication or mail order account defaults up to and including £150.00 each ignored
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

Pepper12 - Suitable for Limited Company landlords that haven't had a CCJ or Default in the last 12 months

Our rates for Pepper 12

LMR = 1.10%
Effective 21st September 2020

&nbsp

5 Year Fixed

LTV	Initial Rate	Rental Calc	Comp Fee	Initial Rate	Rental Calc	Comp Fee*	Reversion Rates (LMR+)
70%	6.20%	6.20%	1.50%	6.25%	6.25%	£1,995.00 / £2,995.00	4.55%
	&nbsp
	ERC: 4%, 4%, 3%, 3%, 2%
	Application Fee: £150
	*Completion Fee: For loans between £25,001 and £300,000 a completion fee of £1,995 applies. For loans between £300,001 and £700,000 a completion fee of £2,995 applies.

Key criteria for Pepper 12

Credit Criteria
CCJs	0 in 12 months
Defaults	0 in 12 months
CCJ Value	No limit
Mortgage/Secured Arrears:	0 in 12 months (No arrears balance in last 6 months)
Unsecured Arrears:	2 individual utility, communication or mail order account defaults up to and including £150.00 each ignored
Bankruptcy/IVA:	Discharged > 6 years ago
Repossessions:	None in last 6 years
Debt Management Plan:	Considered if satisfied over 12 months ago

Applicants
Minimum Age:	21 Years
Maximum Age:	Maximum 85 years (at end of term)
Minimum Income:	£30,000 per application (no foreign currency income and rental income cannot be the principal income source. Rental income from the security property must also be excluded)
Maximum Applicants:	4
Employed:	Minimum of 6 months in current job and not in probation. Evidence of employment history is required to cover the last 12 months
Self-Employed:	Must have been in their current business for a minimum of 12 months and able to supply 1 year’s trading accounts

Loan Size
Minimum:	£25,001
Maximum:	Up to £750,000 available to 80% LTV Up to £1 million available to 75% LTV

Repayment
Capital & Interest; Interest Only

Property Value
Minimum:	£70,000

Term
Minimum:	5 Years
Maximum:	35 Years

We offer free standard legals across our remortgage range using our nominated solicitors. For more information, please visit our Solicitor Panel.

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