Pepper Money enters limited company buy-to-let market in range overhaul

Pepper Money has overhauled its entire range with a number of enhancements and new products, including the launch of limited company buy-to-let products.

The lender has launched a range of two and five-year fixed rate buy-to-let mortgages for limited companies including free valuations for purchases and remortgages. The range comes with a rental calculation of 125% at the pay rate on five-year fixed rates and the higher of the initial rate +2% or 5.50% on two-year fixed rates.

In addition, Pepper Money is also launching free valuations on its standard buy-to-let range, reducing rates on its Pepper 48, Pepper 36 and Pepper 24 products and changing the required rental calculation on two-year fixed rates to the higher of the initial rate +2% or 5.5%.

On its residential range, Pepper Money is launching new free valuation products for purchases and remortgages and reducing rates across its core range.

Paul Adams, sales director at Pepper Money, said: This new year, it really is a case of out with the old and in with the new at Pepper Money. We have conducted in-depth analysis of the market and how our products can best meet the needs of brokers and their clients, and implemented the recommendations right across our range.

A headline change is Pepper Moneys launch into limited company buy-to-let, with mortgages that are available up to 80% LTV to investors who are buying or remortgaging in an SPV, from first-time landlords, through to portfolios of up to 16 properties.

These new year changes are a signal of our intent for 2020 as we intend to continue increasing our lending, work with more brokers, and help more customers achieve their objectives.

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